Post Utme Veritas University 2019 Commerce Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2019 Commerce Objective / Multiple Choice
Question 38 POST_UTME_VERITAS_UNIVERSITY • 2019 • COMMERCE • objective

A consumer's indifference curve is given by the equation u(x,y) = 2x + 3y. If the consumer's current consumption bundle is (x,y) = (4,2), what is the consumer's current level of utility?

Answer Options

A. 14
B. 16
Correct Answer C. 18
D. 20
Correct Answer
C
Correct Option:
18

About This Question

This is Post Utme Veritas University 2019 Commerce Question 38. It is one of the objective questions from the 2019 Post Utme Veritas University Commerce examination.

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