Post Utme Summit University 2025 Economics Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Summit University Economics examination.

Post Utme Summit University 2025 Economics Objective / Multiple Choice
Question 27 POST_UTME_SUMMIT_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer's utility function is given by U = 2x^0.5y^0.5. If the price of good x is ₦50 per unit and the price of good y is ₦75 per unit, calculate the consumer's budget constraint.

Answer Options

A. x + 3y = 6
Correct Answer B. 2x + 3y = 12
C. x + 2y = 6
D. 2x + y = 6
Correct Answer
B
Correct Option:
2x + 3y = 12

About This Question

This is Post Utme Summit University 2025 Economics Question 27. It is one of the objective questions from the 2025 Post Utme Summit University Economics examination.

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