Post Utme Futo 2019 Economics Question 37
Practice objective / multiple choice question 37 from the 2019 Post Utme Futo Economics examination.
A consumer's indifference curve is given by the equation u(x,y) = 2x + 3y. If the consumer's current consumption bundle is (x,y) = (4,2), and the prices of the two goods are p_x = ₦10 and p_y = ₦20, calculate the consumer's maximum willingness to pay for an additional unit of good y.
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About This Question
This is Post Utme Futo 2019 Economics Question 37. It is one of the objective questions from the 2019 Post Utme Futo Economics examination.
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