A consumer 's income is Rs. 200 . Hespends it on purchase of good x and good y. Price of x and y are Rs.40 and Rs. 20 per unit respectively.Answer the following questions :(a)Write the such equation of his budget line.(b)Wirte two such combinations of x and y which lie on the budget line.( c) Write two such combinations of x and y which are apart of his budget set but do not lie on his dudget line.

A consumer 's income is Rs. 200 . Hespends it on purchase of good x an

1.	A consumer 's income is Rs. 200 . Hespends it on purchase of good x and good y. Price of x and y are Rs.40 and Rs. 20 per unit respectively.Answer the following questions :(a)Write the such equation of his budget line.(b)Wirte two such combinations of x and y which lie on the budget line.( c) Write two such combinations of x and y which are apart of his budget set but do not lie on his dudget line.
Answer» SOLUTION :(a)`40x+20y=200` (B)`1x+8y,2x+6y` ( C)`1x+2y, 2x+2y`