In the table below, the price of commodity y is N2 and that of x...
ECONOMICS
JAMB 2003
In the table below, 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
- A. 3y and 3x
- B. 6y and 4x
- C. 3y and 6x
- D. 5y and 5x
Correct Answer: C. 3y and 6x
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