In the table above, the price of commodity y is N2 and th...
In the table above, the price of commodity y is N2 and that of x is N1 while the individual has an income of N12. Determine the combination of the two commodities the individual should consume to maximize his utility
3y and 3x
6y and 4x
3y and 6x
5y and 5x
Correct answer is C
No explanation has been provided for this answer.
Similar Questions
One of the major consequences of urban-based development programmes in Nigeria is that they ...
Inflation can be curbed by ...
The last link in the channel of distribution is____________ ...
Progressive tax structure is designed to ...
If the last naira spent on each commodity by a consumer gave him equal satisfaction, it means t...
Reward for entrepreneurship is ...
In a given set of data, if the variance is 25, what is the standard deviation? ...
Which of the following is NOT a factor determining supply? ...