Post Utme Abu 2017 Economics Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Abu Economics examination.

Post Utme Abu 2017 Economics Objective / Multiple Choice
Question 27 POST_UTME_ABU • 2017 • ECONOMICS • objective

A consumer has the following utility function: U = 2x + 3y, where x and y are the quantities of two goods. The prices of the goods are ₦2 and ₦3 respectively. Find the consumer's budget constraint.

Answer Options

A. 2x + 3y = 12
Correct Answer B. 2x + 3y = 15
C. 2x + 3y = 18
D. 2x + 3y = 20
Correct Answer
B
Correct Option:
2x + 3y = 15

About This Question

This is Post Utme Abu 2017 Economics Question 27. It is one of the objective questions from the 2017 Post Utme Abu Economics examination.

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