Post Utme Veritas University 2019 Commerce Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2019 Commerce Objective / Multiple Choice
Question 40 POST_UTME_VERITAS_UNIVERSITY • 2019 • COMMERCE • objective

A consumer's budget constraint is given by the equation 2x + 3y = 12. If the consumer's current consumption bundle is (x,y) = (2,2), what is the consumer's current level of income?

Answer Options

A. 6
B. 8
C. 10
Correct Answer D. 12
Correct Answer
D
Correct Option:
12

About This Question

This is Post Utme Veritas University 2019 Commerce Question 40. It is one of the objective questions from the 2019 Post Utme Veritas University Commerce examination.

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