Post Utme Mountain Top University 2025 Economics Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2025 Economics Objective / Multiple Choice
Question 23 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer has a utility function given by U = 2x + 3y, where x and y are the quantities of two goods consumed. The prices of the goods 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 Mountain Top University 2025 Economics Question 23. It is one of the objective questions from the 2025 Post Utme Mountain Top University Economics examination.

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