A student in Obu'pu Secondary School discovers that he simultaneously needs a pen, an exercise book, an eraser and a ruler, but that he can purchase only on...

Assessment: JAMB UTME - Economics - 1995 Subject: Economics

Question 1 Report

A student in Obu'pu Secondary School discovers that he simultaneously needs a pen, an exercise book, an eraser and a ruler, but that he can purchase only one of these items. What is the first thing he is expected to do?
Answer Details
The first thing the student in Obu'pu Secondary School is expected to do when they discover they simultaneously need a pen, an exercise book, an eraser, and a ruler, but can only purchase one item is to draw up a scale of preference. A scale of preference is a list of items arranged in order of their importance or preference. The student should arrange the items they need in order of their importance, starting with the most important and ending with the least important. This will help the student to determine which item to purchase first, based on their needs and priorities. For instance, if the student needs the pen most urgently for an exam, they will place the pen at the top of their scale of preference. If the student needs the exercise book for an assignment due the next day, they will place the exercise book second on their scale of preference. They will continue this process until they have ranked all the items they need. Once the student has drawn up their scale of preference, they can then purchase the item at the top of their list. This approach helps the student to make the best choice given the limited resources available to them, and to prioritize their needs based on their importance. Therefore, the first thing the student is expected to do is to draw up a scale of preference in order to determine which item to purchase based on their needs and priorities.

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