Gce Model Questions Vol1 2024 Economics Question 18
Practice objective / multiple choice question 18 from the 2024 Gce Model Questions Vol1 Economics examination.
The government has a transport improvement budget of \(₦200\) million. Investing \(₦1\) million in road upgrades reduces the average travel time of each road commuter by \(0.05\) minutes, up to a maximum total reduction of \(8\) minutes. Investing \(₦1\) million in rail upgrades reduces the average travel time of each rail commuter by \(0.08\) minutes, up to a maximum total reduction of \(6\) minutes. There are \(2\) million road commuters and \(1\) million rail commuters. How should the budget be allocated between road and rail to minimise total commuter‑minutes per day, and how many commuter‑minutes are saved per day as a result?
Answer Options
About This Question
This is Gce Model Questions Vol1 2024 Economics Question 18. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Economics examination.
Difficulty level: Hard .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.