Post Utme Babcock University 2024 Economics Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2024 Economics Objective / Multiple Choice
Question 26 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ECONOMICS • objective

A consumer has a utility function U(x, y) = 2x + 3y. The prices of x and y are $2 and $3 respectively. What is the consumer's budget constraint?

Answer Options

A. 2x + 3y = 6
Correct Answer B. 2x + 3y = 12
C. 2x + 3y = 18
D. 2x + 3y = 24
Correct Answer
B
Correct Option:
2x + 3y = 12

About This Question

This is Post Utme Babcock University 2024 Economics Question 26. It is one of the objective questions from the 2024 Post Utme Babcock University Economics examination.

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