Post Utme Madonna University 2017 Economics Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2017 Economics Objective / Multiple Choice
Question 23 POST_UTME_MADONNA_UNIVERSITY • 2017 • ECONOMICS • objective

A consumer is faced with the following budget constraint: 2x + 3y = 12. If the consumer's income is ₦12 and the price of x is ₦2, what is the maximum amount the consumer can sp\end on y?

Answer Options

A. ₦4
Correct Answer B. ₦6
C. ₦8
D. ₦10
Correct Answer
B
Correct Option:
₦6

About This Question

This is Post Utme Madonna University 2017 Economics Question 23. It is one of the objective questions from the 2017 Post Utme Madonna University Economics examination.

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