Post Utme Futa 2020 Economics Question 4
Practice objective / multiple choice question 4 from the 2020 Post Utme Futa Economics examination.
A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the prices of the two goods are ₦10 and ₦20 respectively, and the consumer's income is ₦100, what is the value of the marginal utility of the first good?
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About This Question
This is Post Utme Futa 2020 Economics Question 4. It is one of the objective questions from the 2020 Post Utme Futa Economics examination.
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