Post Utme Rhema University 2017 Economics Question 25

Practice objective / multiple choice question 25 from the 2017 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2017 Economics Objective / Multiple Choice
Question 25 POST_UTME_RHEMA_UNIVERSITY • 2017 • ECONOMICS • objective

A consumer's budget constraint is given by 2X + 3Y = 60. What is the consumer's marginal rate of substitution of X for Y?

Answer Options

Correct Answer A. -2/3
B. -1/2
C. -3/2
D. -1/3
Correct Answer
A
Correct Option:
-2/3

About This Question

This is Post Utme Rhema University 2017 Economics Question 25. It is one of the objective questions from the 2017 Post Utme Rhema University Economics examination.

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