Multiple Choice
A consumer has an income of $100, and the price of X is $2, while the price of Y is $4. If the consumer buys 20 units of X, then the maximum quantity of Y that she could also buy is
A) 15
B) 25
C) 40
D) 10
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q252: The marginal rate of substitution measures the<br>A)magnitude
Q253: Mr. Samuelson's current rates of purchase are
Q254: What is consumer equilibrium? How is it
Q255: How do you identify consumer equilibrium in
Q256: It is possible that as a result
Q258: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q259: Assume that a consumer purchases a combination
Q260: When a consumer has maximized total utility,
Q261: An increase in the price of a
Q262: Which of the following statements is not