Post Utme Noun 2025 Economics Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Noun Economics examination.

Post Utme Noun 2025 Economics Objective / Multiple Choice
Question 23 POST_UTME_NOUN • 2025 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x^0.5y^0.5. If the price of x is ₦50 per unit and the price of y is ₦100 per unit, what is the budget constraint?

Answer Options

A. 50x + 100y = 1000
Correct Answer B. 50x + 100y = 2000
C. 50x + 100y = 3000
D. 50x + 100y = 4000
Correct Answer
B
Correct Option:
50x + 100y = 2000

About This Question

This is Post Utme Noun 2025 Economics Question 23. It is one of the objective questions from the 2025 Post Utme Noun Economics examination.

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