Post Utme Summit University 2023 Commerce Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Summit University Commerce examination.

Post Utme Summit University 2023 Commerce Objective / Multiple Choice
Question 38 POST_UTME_SUMMIT_UNIVERSITY • 2023 • COMMERCE • objective

A consumer has a budget of ₦1000 to spend on two goods, X and Y. The price of good X is ₦200 and the price of good Y is ₦300. Using the budget constraint equation, what is the maximum quantity of good X that the consumer can buy?

Answer Options

A. 5 units
Correct Answer B. 10 units
C. 15 units
D. 20 units
Correct Answer
B
Correct Option:
10 units

About This Question

This is Post Utme Summit University 2023 Commerce Question 38. It is one of the objective questions from the 2023 Post Utme Summit University Commerce examination.

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