Post Utme Greenfield University 2022 Economics Question 9

Practice objective / multiple choice question 9 from the 2022 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2022 Economics Objective / Multiple Choice
Question 9 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • ECONOMICS • objective

A consumer's budget constraint is given by 2x + 3y = 12. If the consumer's current consumption bundle is (x, y) = (2, 4), what is the consumer's opportunity \cost of consuming one more unit of good x?

Answer Options

A. 1
Correct Answer B. 2
C. 3
D. 4
Correct Answer
B
Correct Option:
2

About This Question

This is Post Utme Greenfield University 2022 Economics Question 9. It is one of the objective questions from the 2022 Post Utme Greenfield University Economics examination.

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