Post Utme Caleb University 2022 Commerce Question 25

Practice objective / multiple choice question 25 from the 2022 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2022 Commerce Objective / Multiple Choice
Question 25 POST_UTME_CALEB_UNIVERSITY • 2022 • COMMERCE • objective

A consumer's indifference curve is given by U = 2X + 3Y. If the consumer's income is 12 and the price of good X is 2, what is the optimal level of good Y?

Answer Options

A. 2
Correct Answer B. 4
C. 6
D. 8
Correct Answer
B
Correct Option:
4

About This Question

This is Post Utme Caleb University 2022 Commerce Question 25. It is one of the objective questions from the 2022 Post Utme Caleb University Commerce examination.

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