Post Utme Coal City University 2024 Economics Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2024 Economics Objective / Multiple Choice
Question 23 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

A consumer's indifference curve is represented by the equation: U = 2x + 3y. What is the marginal rate of substitution (MRS) of good x for good y?

Answer Options

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

About This Question

This is Post Utme Coal City University 2024 Economics Question 23. It is one of the objective questions from the 2024 Post Utme Coal City University Economics examination.

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