Post Utme Unn 2017 Economics Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Unn Economics examination.

Post Utme Unn 2017 Economics Objective / Multiple Choice
Question 12 POST_UTME_UNN • 2017 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. 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 = 30
Correct Answer B. 2x + y = 20
C. x + 2y = 20
D. x + y = 15
Correct Answer
B
Correct Option:
2x + y = 20

About This Question

This is Post Utme Unn 2017 Economics Question 12. It is one of the objective questions from the 2017 Post Utme Unn Economics examination.

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