Post Utme Uniport 2024 Commerce Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Uniport Commerce examination.

Post Utme Uniport 2024 Commerce Objective / Multiple Choice
Question 34 POST_UTME_UNIPORT • 2024 • COMMERCE • objective

A consumer's budget constraint is given by 2x + 3y = 100. If the consumer's income is 100 and the price of good x is 2, what is the maximum amount the consumer can spend on good y?

Answer Options

A. 30
B. 40
Correct Answer C. 50
D. 60
Correct Answer
C
Correct Option:
50

About This Question

This is Post Utme Uniport 2024 Commerce Question 34. It is one of the objective questions from the 2024 Post Utme Uniport Commerce examination.

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