menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Essentials of Economics
  4. Exam
    Exam 1: Limits, Alternatives, and Choices
  5. Question
    If a Consumer Has an Income of $120, the Price
Solved

If a Consumer Has an Income of $120, the Price

Question 5

Question 5

Multiple Choice

If a consumer has an income of $120, the price of X is $5, and the price of Y is $8. Which combination of the two goods is unattainable?


A) 20X and 2Y.
B) 8X and 10Y.
C) 12X and 8Y.
D) 2X and 13Y.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9951/.jpg" alt=" -Refer to

Q2: The following economy produces two products.<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9951/.jpg"

Q3: A point on the frontier of the

Q4: When an economy is at full employment

Q6: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9951/.jpg" alt=" - In the

Q7: A movement along the production possibilities curve

Q8: Society wants to use its scarce resources

Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9951/.jpg" alt=" In the graph

Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9951/.jpg" alt=" Refer to the

Q11: Suppose there are two economies, Alpha and

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines