Post Utme Madonna University 2024 Economics Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2024 Economics Objective / Multiple Choice
Question 32 POST_UTME_MADONNA_UNIVERSITY • 2024 • ECONOMICS • objective

A consumer is faced with the following budget constraint: 2x + 3y = 12, where x is the number of units of good X and y is the number of units of good Y. If the consumer's income is ₦12 and the price of good X is ₦2 per unit, what is the maximum number of units of good Y that the consumer can buy?

Answer Options

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

About This Question

This is Post Utme Madonna University 2024 Economics Question 32. It is one of the objective questions from the 2024 Post Utme Madonna University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support