Post Utme Ksu 2018 Commerce Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Ksu Commerce examination.

Post Utme Ksu 2018 Commerce Objective / Multiple Choice
Question 7 POST_UTME_KSU • 2018 • COMMERCE • objective

A company has the following budget constraint: 2x + 3y = 12. If the price of x is ₦2 and the price of y is ₦3, what is the optimal combination of x and y?

Answer Options

A. x = 2, y = 2
Correct Answer B. x = 3, y = 1
C. x = 4, y = 0
D. x = 0, y = 4
Correct Answer
B
Correct Option:
x = 3, y = 1

About This Question

This is Post Utme Ksu 2018 Commerce Question 7. It is one of the objective questions from the 2018 Post Utme Ksu Commerce examination.

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