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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #710748
Introduction to Economics 1 Deneme Sınavı Sorusu #710748
If a consumer's income is ?120 and the consumer only consumes X and Y goods. The price of good X is ?30 and the price of Y is ?6. What is the consumer's budget constraint?
6X + 30Y =120 |
30X + 6Y =120 |
120X + 6Y =300 |
30X + 120Y = 6 |
6X + 6Y = 300 |
Yanıt Açıklaması:
For an income of ?120 and prices of ?30 for good X and ?6 for good Y the budget constraint yields to Px X + Py Y = Income which is equal to 30X + 6Y =120. The true answer is B.
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