Post Utme Delsu 2024 Economics Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Delsu Economics examination.

Post Utme Delsu 2024 Economics Objective / Multiple Choice
Question 8 POST_UTME_DELSU • 2024 • ECONOMICS • objective

A consumer has a utility function U = 2x + 3y, where x and y are the quantities of two goods consumed. If the prices of the two goods are ₦50 and ₦75 respectively, and the consumer sp\ends ₦300 on the two goods, what is the consumer's budget constraint?

Answer Options

Correct Answer A. 50x + 75y = 300
B. 75x + 50y = 300
C. 50x + 75y = 600
D. 75x + 50y = 600
Correct Answer
A
Correct Option:
50x + 75y = 300

About This Question

This is Post Utme Delsu 2024 Economics Question 8. It is one of the objective questions from the 2024 Post Utme Delsu Economics examination.

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