Post Utme Noun 2019 Economics Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Noun Economics examination.

Post Utme Noun 2019 Economics Objective / Multiple Choice
Question 13 POST_UTME_NOUN • 2019 • ECONOMICS • objective
Post Utme Noun 2019 Economics Question 13 diagram

A consumer has a utility function U(x, y) = 2x + 3y. The prices of x and y are ₦5 and ₦3, respectively. Find the consumer's budget constraint and indifference curves.

Answer Options

Correct Answer A. ₦5x + ₦3y = ₦100
B. ₦3x + ₦5y = ₦100
C. ₦2x + ₦3y = ₦50
D. ₦5x + ₦3y = ₦50
Correct Answer
A
Correct Option:
₦5x + ₦3y = ₦100

About This Question

This is Post Utme Noun 2019 Economics Question 13. It is one of the objective questions from the 2019 Post Utme Noun Economics examination.

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