Post Utme Madonna University 2021 Commerce Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2021 Commerce Objective / Multiple Choice
Question 20 POST_UTME_MADONNA_UNIVERSITY • 2021 • COMMERCE • objective

A consumer's budget constraint is given by the equation 2x + 3y = 12. If the consumer's current consumption bundle is (x,y) = (2,2), then the consumer's current expenditure is

Answer Options

A. 8
B. 10
Correct Answer C. 12
D. 14
Correct Answer
C
Correct Option:
12

About This Question

This is Post Utme Madonna University 2021 Commerce Question 20. It is one of the objective questions from the 2021 Post Utme Madonna University Commerce examination.

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