Post Utme Summit University 2021 Economics Question 40
Practice objective / multiple choice question 40 from the 2021 Post Utme Summit University Economics examination.
A consumer's utility function is given by ( u(x,y) = 2x^2 + 3y^2 ). If the marginal utility of x is 4x and the marginal utility of y is 6y, what is the rate of change of the utility function with respect to y when x = 2 and y = 3?
Answer Options
About This Question
This is Post Utme Summit University 2021 Economics Question 40. It is one of the objective questions from the 2021 Post Utme Summit 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.