Post Utme Summit University 2023 Economics Question 35
Practice objective / multiple choice question 35 from the 2023 Post Utme Summit University Economics examination.
A consumer has a utility function U = 2x + 3y, where x and y are the quantities of two goods. The prices of the goods are $2 and $3, respectively. If the consumer has a budget of $10, what is the marginal rate of substitution?
Answer Options
About This Question
This is Post Utme Summit University 2023 Economics Question 35. It is one of the objective questions from the 2023 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.