gebremedihngebeyehu
gebremedihngebeyehu gebremedihngebeyehu
  • 03-04-2021
  • Business
contestada

a consumer has $100 to spend on two goods X and Y with prices $3 and $5 respectively. drive the equation of the budget line​

Respuesta :

francocanacari
francocanacari francocanacari
  • 08-04-2021

Answer:

3X + 5Y = 100

Explanation:

Given that a consumer has $ 100 to spend on two goods X and Y with prices $ 3 and $ 5 respectively, the equation that represents this distribution is the following:

3X + 5Y = 100

Thus, the consumer may consume different combinations of products, as long as the sum of both amounts is $100 as a final result. For instance:

3x20 + 5X8 = 100

60 + 40 = 100

3x5 + 5x17 = 100

15 + 85 = 100

Answer Link

Otras preguntas

Which US region historically has been dependent on the entertainment, software, and aerospace industries as part of its economy?
How many tims dos 5 go in to 5322?
Will make the best answer the brainliest...At home remedies to help with sinus headache!! Are what?
Which measure would a long-term creditor be least interested in reviewing?
What happened to the wind speeds of the storms?
How do temperature a d salinity affect deep water currents? A. They create changes in wind direction, moving denser water in the same direction as the wind and
What events led to the collapes of the germany army and navy and their war effort during world war 1?
Which of the following are not considered to be primary users of financial statements in countries outside the u.s.?
How long is the term of a representative?
A large 2 topping pizza l costs $2 more than a medium 3 topping pizza m what is the dependent and independent variable