A consumer has 300 to spend on good x and y .The market price of these two goods are PX=50 and Py = 100
solve and graph the budget line

Question

A consumer has 300 to spend on good x and y .The market price of these two goods are PX=50 and Py = 100 solve and graph the budget line

Robert · Accepted Answer

A consumer has 300 to spend on good x and y .The market price of these two goods are PX=50 
and Py = 100. solve and graph the budget line 
Answer: 
Budget line represents set of all consumption bundle that a consumer can consume given his 
income and prices of the products.

A consumer has 300 to spend on good x and y .The market price of these two goods are PX=50 and Py = 100 solve and graph the budget line

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