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tawhid111 tawhid111
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A year ago
A consumer has $20 that he wants to spend on two goods: pens priced at $2 each and pencils priced at $1 each. Which of the following correctly represents his budget constraint?

▸ $20 = ($2/Quantity of pens) + ($1/Quantity of pencils)

▸ $20 = ($2 × Quantity of pens) + ($1 × Quantity of pencils)

▸ $20 = $3 × (Quantity of pens - Quantity of pencils)

▸ $20 = ($3/Quantity of pens + Quantity of pencils)
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Macroeconomics

Macroeconomics


Edition: 3rd
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rainbow12rainbow12
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A year ago
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