Post Utme Afe Babalola University 2017 Commerce Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2017 Commerce Objective / Multiple Choice
Question 15 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • COMMERCE • objective

A consumer's budget constraint is given by the equation 2x + 3y = 12. If the consumer's current consumption bundle is (x,y) = (2,2), what is the marginal rate of substitution?

Answer Options

A. 1/2
Correct Answer B. 1
C. 2
D. 3
Correct Answer
B
Correct Option:
1

About This Question

This is Post Utme Afe Babalola University 2017 Commerce Question 15. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Commerce examination.

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