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
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A.
3y and 3x
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B.
6y and 4x
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C.
3y and 6x
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D.
5y and 5x
Correct Answer: Option C
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