Post Utme Wellspring University 2020 Commerce Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2020 Commerce Objective / Multiple Choice
Question 8 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • COMMERCE • objective

A consumer has a budget of ₦1000 and faces the following prices: Good A = ₦200, Good B = ₦300, and Good C = ₦400. If the consumer allocates 40% of their budget to Good A, 30% to Good B, and 30% to Good C, what is the total quantity of each good purchased?

Answer Options

Correct Answer A. Good A = 2 units, Good B = 1 unit, Good C = 1 unit
B. Good A = 3 units, Good B = 2 units, Good C = 2 units
C. Good A = 4 units, Good B = 3 units, Good C = 3 units
D. Good A = 5 units, Good B = 4 units, Good C = 4 units
Correct Answer
A
Correct Option:
Good A = 2 units, Good B = 1 unit, Good C = 1 unit

About This Question

This is Post Utme Wellspring University 2020 Commerce Question 8. It is one of the objective questions from the 2020 Post Utme Wellspring University Commerce examination.

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