Post Utme Unilag 2019 Economics Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Unilag Economics examination.

Post Utme Unilag 2019 Economics Objective / Multiple Choice
Question 2 POST_UTME_UNILAG • 2019 • ECONOMICS • objective

A consumer has a utility function given by U = 2x + 3y. The prices of x and y are ₦5 and ₦3 respectively. What is the consumer's budget constraint?

Answer Options

Correct Answer A. 2x + 3y = 15
B. 2x + 3y = 20
C. 2x + 3y = 25
D. 2x + 3y = 30
Correct Answer
A
Correct Option:
2x + 3y = 15

About This Question

This is Post Utme Unilag 2019 Economics Question 2. It is one of the objective questions from the 2019 Post Utme Unilag Economics examination.

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