Post Utme Pan Atlantic University 2019 Economics Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2019 Economics Objective / Multiple Choice
Question 30 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer's budget constraint is given by the equation 2x + 3y = 12. What is the opportunity \cost of consuming one more unit of good x?

Answer Options

A. The opportunity \cost is 2 units of good y.
Correct Answer B. The opportunity \cost is 3 units of good y.
C. The opportunity \cost is 4 units of good y.
D. The opportunity \cost is 6 units of good y.
Correct Answer
B
Correct Option:
The opportunity \cost is 3 units of good y.

About This Question

This is Post Utme Pan Atlantic University 2019 Economics Question 30. It is one of the objective questions from the 2019 Post Utme Pan Atlantic University Economics examination.

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