ECONOMICS

JAMB 2003 - Question 9

Economics 2003 JAMB Past Questions - Question 9: In the table above, the price of commodity y is #2 and that of x is #1 while the individual has anincome or #12. Determine the combination of the two commodities the individual should consume to maximize his utility.

Choose the most appropriate option for the gap .
In the table above, the price of commodity y is #2 and that of x is #1 while the individual has anincome or #12. Determine the combination of the two commodities the individual should consume to maximize his utility.
In the table above, the price of commodity y is #2 and that of x is #1 while the individual has anincome or #12. Determine the combination of the two commodities the individual should consume to maximize his utility.
A:
B:
C:
D:
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Correct Answer

B

Explanation