Multiple Choice
Suppose the price of A is $20 per unit, the price of B is $10 per unit, and the consumer's income is $1000 per month. The equation of the budget line is
A) 1000 = 10A + 20B
B) 1000 = 20A + 10B
C) 20A = 10B
D) 1000 = A + B
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q30: If the government would like to induce
Q40: When analyzing how borrowing and lending affect
Q41: Let I be the income of
Q45: Suppose that a consumer's income triples. However,
Q46: Suppose that the ratio of marginal utility
Q47: If food is on the x-axis and
Q48: Suppose a consumer buys two goods,
Q49: If a consumer purchases two goods, food
Q51: If a consumer states that he is
Q58: A corner point solution is always the