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Joshua Has Income Endowment of $1,000,the Price of Food Is 2 F+4 N1,0002 \mathrm {~F} + 4 \mathrm {~N} \leq 1,000

Question 2

Multiple Choice

Joshua has income endowment of $1,000,the price of food is $2 per unit and the price of non-food is $4 per unit.Which of the following is his budget constraint?


A) 2 F+4 N1,0002 \mathrm {~F} + 4 \mathrm {~N} \leq 1,000
B) F5002NF \leq 500 - 2 N
C) N2501/2FN \leq 250 - 1 / 2 F
D) All of the above

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