Post Utme Bowen University 2018 Commerce Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2018 Commerce Objective / Multiple Choice
Question 28 POST_UTME_BOWEN_UNIVERSITY • 2018 • COMMERCE • objective

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

Answer Options

A. 2
Correct Answer B. 3
C. 4
D. 6
Correct Answer
B
Correct Option:
3

About This Question

This is Post Utme Bowen University 2018 Commerce Question 28. It is one of the objective questions from the 2018 Post Utme Bowen University Commerce examination.

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