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Guy Has an Income (Y)of $50 with Which He Can

Question 19

Multiple Choice

Guy has an income (Y) of $50 with which he can purchase DVDs (D) at $10 each and haircuts (H) at $20 each. Which one of the following represents Guy's budget line?


A) Y = 10QD - 20QH
B) 50 = QD + QH
C) Y = 50 + QD + QH
D) 20Y = QD + 10QH
E) 50 = 10QD + 20QH

Correct Answer:

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