Post Utme Summit University 2021 Economics Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Summit University Economics examination.

Post Utme Summit University 2021 Economics Objective / Multiple Choice
Question 25 POST_UTME_SUMMIT_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's budget constraint is given by 2Q + 3I = 100, where Q is the quantity of a good and I is the income. If the income is $50, what is the quantity of the good?

Answer Options

A. 20
Correct Answer B. 30
C. 40
D. 50
Correct Answer
B
Correct Option:
30

About This Question

This is Post Utme Summit University 2021 Economics Question 25. It is one of the objective questions from the 2021 Post Utme Summit University Economics examination.

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