Post Utme Futa 2024 Commerce Question 40
Practice objective / multiple choice question 40 from the 2024 Post Utme Futa Commerce examination.
A consumer's indifference curve is given by U = 2X + 3Y, where U is utility, X is quantity of good X, and Y is quantity of good Y. If the consumer's budget constraint is 2X + 3Y = 12, and the price of good X is ₦2, what is the optimal quantity of good Y?
Answer Options
About This Question
This is Post Utme Futa 2024 Commerce Question 40. It is one of the objective questions from the 2024 Post Utme Futa Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.