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A consumer consumes only two goods X and Y. let P_(x) and P_(y) be their prices and Q_(x) and Q_(y). The qunatities of these two goods respectively . Let m be the income. The budget line equationis |
Answer» <html><body><p>`P_(<a href="https://interviewquestions.tuteehub.com/tag/x-746616" style="font-weight:bold;" target="_blank" title="Click to know more about X">X</a>).Q_(x)+P_(y).Q_(x)=m`<br/>`P_(x).Q_(x)+P_(y).Q_(x) <a href="https://interviewquestions.tuteehub.com/tag/gt-1013864" style="font-weight:bold;" target="_blank" title="Click to know more about GT">GT</a> m` <br/>`P_(x).Q_(x)+P_(y).Q_(x) ge m`<br/>`P_x.Q_(x)+P_(y).Q_(x) le m` </p>Answer :A</body></html> | |