Post Utme Delsu 2022 Economics Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Delsu Economics examination.

Post Utme Delsu 2022 Economics Objective / Multiple Choice
Question 8 POST_UTME_DELSU • 2022 • ECONOMICS • objective

A consumer is faced with the following budget constraint: 2x + 3y = 100, where x is the number of units of good X and y is the number of units of good Y. If the price of good X is $5 per unit and the price of good Y is $10 per unit, and the consumer's income is $100, what is the opportunity \cost of consuming one more unit of good Y?

Answer Options

A. The opportunity \cost of consuming one more unit of good Y is $5.
Correct Answer B. The opportunity \cost of consuming one more unit of good Y is $10.
C. The opportunity \cost of consuming one more unit of good Y is $15.
D. The opportunity \cost of consuming one more unit of good Y is $20.
Correct Answer
B
Correct Option:
The opportunity \cost of consuming one more unit of good Y is $10.

About This Question

This is Post Utme Delsu 2022 Economics Question 8. It is one of the objective questions from the 2022 Post Utme Delsu Economics examination.

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