If you have an income of $18 to spend, and if commodity 1 costs $3 per unit and commodity 2
co...
Business, 03.03.2020 23:14, suttonfae336
If you have an income of $18 to spend, and if commodity 1 costs $3 per unit and commodity 2
costs $9 per unit, then the equation for your budget line can be written as (Below, x 1 and x 2
are respectively the quantities of commodities 1 and 2.)
a. x1/3 + x2/9 = 18. b. (x1 + x2)/12 = 18. c. x1 + 3x2 = 6.
d. 4x1 + 10x2 = 19. e. 12(x1 + x2) = 18.
Answers: 2
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