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29 Sep 2019
Suppose a consumer has an income of $30 that is spent on two goods: X and Y. The price of good X is $3.00 and the price of good Y is $1.00. Which of the following bundles of X and Y lie on the individual's budget constraint?
1. 8X and 6Y
2. 6X and 8Y
3. 8X and 10Y
4. 12X and 4Y
5. 16X and 6Y
Suppose a consumer has an income of $30 that is spent on two goods: X and Y. The price of good X is $3.00 and the price of good Y is $1.00. Which of the following bundles of X and Y lie on the individual's budget constraint?
1. 8X and 6Y
2. 6X and 8Y
3. 8X and 10Y
4. 12X and 4Y
5. 16X and 6Y
23 Jun 2023
26 Nov 2020
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