Post Utme Ui 2018 Economics Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Ui Economics examination.

Post Utme Ui 2018 Economics Objective / Multiple Choice

Question 25 POST_UTME_UI • 2018 • ECONOMICS • objective

A consumer's budget constraint is given by P1Q1 + P2Q2 = I. If the consumer's income is ₦100 and the prices of the two goods are ₦10 and ₦20 respectively, what is the value of the consumer's optimal bundle?

A. Q1 = 2, Q2 = 3

Correct Answer B. Q1 = 3, Q2 = 2

C. Q1 = 4, Q2 = 1

D. Q1 = 1, Q2 = 4

Correct Answer

Correct Option:

Q1 = 3, Q2 = 2

This is Post Utme Ui 2018 Economics Question 25. It is one of the objective questions from the 2018 Post Utme Ui Economics examination.

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