Suppose the price of A is $20 per unit, the price of B is $10 per unit, and theconsumer’s income is $1000 per month. Which of the following baskets is not on theconsumer’s budget line? a) A = 40, B = 20 b) A = 5, B = 90 c) A = 2.5, B = 95 d) A = 20, B = 40

Suppose the price of A is $20 per unit, the price of B is $10 per unit, and theconsumer’s income is $1000 per month. Which of the following baskets is not on theconsumer’s budget line? a) A = 40, B = 20 b) A = 5, B = 90 c) A = 2.5, B = 95 d) A = 20, B = 40

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter6: Consumer Choice And Demand

Section: Chapter Questions

Problem 8QFR

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Question

Suppose the price of A is $20 per unit, the price of B is $10 per unit, and theconsumer’s income is $1000 per month. Which of the following baskets is not on theconsumer’s budget line?

a) A = 40, B = 20
b) A = 5, B = 90
c) A = 2.5, B = 95
d) A = 20, B = 40

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