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Suppose the Price of Is $20 Per Unit, the Price 1000=10A+20B1000 = 10 A + 20 B

Question 74

Multiple Choice

Suppose the price of is $20 per unit, the price of is $10 per unit, and the consumer's income is $1000 per month. The equation of the budget line is


A) 1000=10A+20B1000 = 10 A + 20 B
B) 1000=20A+10B1000 = 20 A + 10 B
C) 20 A=10 B20 \mathrm {~A} = 10 \mathrm {~B}
D) 1000=A+B1000 = A + B

Correct Answer:

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