Post Utme Crawford University 2023 Economics Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2023 Economics Objective / Multiple Choice
Question 4 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ECONOMICS • objective

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

Answer Options

Correct Answer A. 1/2
B. 1
C. 2
D. 4
Correct Answer
A
Correct Option:
1/2

About This Question

This is Post Utme Crawford University 2023 Economics Question 4. It is one of the objective questions from the 2023 Post Utme Crawford University Economics examination.

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