Post Utme Rhema University 2023 Economics Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2023 Economics Objective / Multiple Choice
Question 38 POST_UTME_RHEMA_UNIVERSITY • 2023 • ECONOMICS • 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, 4), what is the consumer's opportunity \cost of good x?

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 Rhema University 2023 Economics Question 38. It is one of the objective questions from the 2023 Post Utme Rhema 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