Post Utme Abu 2021 Economics Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Abu Economics examination.

Post Utme Abu 2021 Economics Objective / Multiple Choice
Question 34 POST_UTME_ABU • 2021 • ECONOMICS • objective

A consumer is faced with the following utility function: U = 2x + 3y, where x and y are the quantities of two goods consumed. The prices of the goods are $2 and $3, respectively. What is the consumer's budget constraint?

Answer Options

A. 2x + 3y = 10
Correct Answer B. 2x + 3y = 20
C. 2x + 3y = 30
D. 2x + 3y = 40
Correct Answer
B
Correct Option:
2x + 3y = 20

About This Question

This is Post Utme Abu 2021 Economics Question 34. It is one of the objective questions from the 2021 Post Utme Abu Economics examination.

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