In the table above, the price of commodity y is N2 and that of x…

Economics JAMB 2003

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 checkmark
  • 5y and 5x

The correct answer is: C

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