Question

{(0.4), (1.3), (2, 2), (3.1) and (4.4
10. Amit wants to purchase two goods which are available in integer units only. If his income is 40 an,
Suppose a cons
The price of good x is 10 and that of y is 12. Calcu
both the goods are priced at 10 each, then write the bundles which cost exactly 40.
14
1.​

Answer 1

Answer:

Price of goods (Px) and good 2 = Rs 10

Income of consumer = Rs 40

The bundles are available to the consumer –

First option – (0,0), (0,1), (0,2), (0,3), (0.4)

Second option – (1,0), (1,1), (1,2), (1,3)

Third option – (2,0), (2,1), (2,2)

Fourth option – (3,0), (3,1)

Fifth option – (4,0)

(ii) The exactly cost of Rs 40, the bundles are (0.4), (1,3), (2,2), (3,1) and (4,0)

Explanation  

(a) First bundle (0,4)

Cost = 0 x 10+ 4 x 10 = Rs 40

(b) Second bundle (1,3)

Cost = 1 x 10+ 3 x 10

=10+ 30 =t 40

(c) Fifth bundle (4,0)

Cost = 4 x 10+ 0 x 10 = Rs 40

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Explanation:

Answer 2

Answer:

,price of good Pc and good 2 = rs. 10

income of consumer = rs40