Refer to the following:

The consumer faces a budget constraint because the market price of X is $3, the market price of Y is $3, and the consumer's budget is $90.
-Given this budget constraint, how many units of X and Y would be purchased?
A) 0 units of X, 0 units of Y.
B) 10 units of X, 20 units of Y.
C) 20 units of X, 20 units of Y.
D) 30 units of X, 30 units of Y.

Question

Refer to the following:

The consumer faces a budget constraint because the market price of X is $3, the market price of Y is $3, and the consumer's budget is $90.
-Given this budget constraint, how many units of X and Y would be purchased?
A) 0 units of X, 0 units of Y. 
B) 10 units of X, 20 units of Y. 
C) 20 units of X, 20 units of Y. 
D) 30 units of X, 30 units of Y.

Quizplus · Accepted Answer

The budget constraint allows for the purchase of 10 units of X and 20 units of Y, assuming the prices and budget align with this combination.

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