POST UTME BSU 2022 Commerce | Objective

Are you preparing for POST UTME BSU exams? Reviewing past questions is one of the most effective ways to guarantee a high score. This practice hub features authentic 2022 Commerce (Objective) questions designed to simulate the real exam environment.

Practice these randomly selected questions to test your readiness.

Question 1
A company's marketing strategy involves a mix of product, price, place, and promotion. Which of the following is NOT a characteristic of a product?
A. Quality
B. Design
C. Packaging
Correct D. Warranty

Correct Answer: D

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Question 2
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm wants to produce 16 units of output, and the price of labor is ₦100 per unit, while the price of capital is ₦200 per unit, how much will it cost the firm to produce 16 units of output?
A. ₦4000
B. ₦8000
Correct C. ₦16000
D. ₦32000

Correct Answer: C

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Question 3
A consumer has a utility function given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget is ₦100, and the prices of the two goods are ₦20 and ₦30 respectively, what is the consumer's optimal bundle of goods?
A. (2, 2)
Correct B. (3, 1)
C. (4, 0)
D. (0, 4)

Correct Answer: B

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Question 4
A firm's revenue function is given by R = 2x^2 + 3x, where x is the number of units sold. If the firm wants to maximize its revenue, how many units should it produce?
A. 1
B. 2
Correct C. 3
D. 4

Correct Answer: C

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Question 5
A consumer has a budget of ₦100, and the prices of two goods are ₦20 and ₦30 respectively. If the consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of the two goods consumed, what is the consumer's optimal bundle of goods?
A. (2, 2)
Correct B. (3, 1)
C. (4, 0)
D. (0, 4)

Correct Answer: B

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