Post Utme Madonna University 2024 Commerce Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2024 Commerce Objective / Multiple Choice
Question 7 POST_UTME_MADONNA_UNIVERSITY • 2024 • COMMERCE • objective

A company has the following budget constraint: 2x + 3y ≤ 12, where x and y are the quantities of two goods. If the company wants to maximize its utility, which of the following points lies on the budget constraint?

Answer Options

A. (2, 2)
Correct Answer B. (3, 3)
C. (4, 4)
D. (5, 5)
Correct Answer
B
Correct Option:
(3, 3)

About This Question

This is Post Utme Madonna University 2024 Commerce Question 7. It is one of the objective questions from the 2024 Post Utme Madonna University Commerce examination.

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