Post Utme Bells University 2019 Economics Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Bells University Economics examination.

Post Utme Bells University 2019 Economics Objective / Multiple Choice
Question 8 POST_UTME_BELLS_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. The prices of x and y are ₦10 and ₦20 respectively. What is the consumer's budget constraint?

Answer Options

Correct Answer A. 10x + 20y = 100
B. 10x + 20y = 200
C. 10x + 20y = 300
D. 10x + 20y = 400
Correct Answer
A
Correct Option:
10x + 20y = 100

About This Question

This is Post Utme Bells University 2019 Economics Question 8. It is one of the objective questions from the 2019 Post Utme Bells University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support