Murphy used to consume 100 units of X and 50 units of Y when the price of X was $2 and the price of Y was $4.If the price of X rose to $4 and the price of Y rose to $7, how much would Murphy's income have to rise so that he could still afford his original bundle?
A) $500
B) $750
C) $350
D) $250
E) None of the above.
Correct Answer:
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Q1: if you could exactly afford either 2
Q3: Murphy used to consume 100 units of
Q4: Murphy used to consume 100 units of
Q5: Murphy used to consume 100 units of
Q6: if you could exactly afford either 4
Q7: Murphy used to consume 100 units of
Q8: if you have an income of
Q9: if you have an income of $18
Q10: if you have an income of $18
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