Post Utme Wellspring University 2021 Commerce Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2021 Commerce Objective / Multiple Choice
Question 18 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • COMMERCE • objective

A consumer has a budget of ₦1000 and a preference for two goods, A and B. The prices of the goods are ₦200 and ₦300 respectively. Using the budget constraint equation, find the consumer's optimal consumption bundle.

Answer Options

Correct Answer A. (2, 1)
B. (1, 2)
C. (3, 0)
D. (0, 3)
Correct Answer
A
Correct Option:
(2, 1)

About This Question

This is Post Utme Wellspring University 2021 Commerce Question 18. It is one of the objective questions from the 2021 Post Utme Wellspring University Commerce examination.

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