Post Utme Bowen University 2018 Commerce Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2018 Commerce Objective / Multiple Choice
Question 30 POST_UTME_BOWEN_UNIVERSITY • 2018 • 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) = (2,3), what is the opportunity cost of consuming one more unit of good x?

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

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