Question

1 point

If a consumer have income of 150 and he can buy either 10 units of X and 15 units of Y by spending all his income. what are the prices of X and Y?​

Answer 1

Answer:

x price is 15 and y price is 10

Explanation:

so he buys 10 units of x by spending all his income

so that means the cost of 10 x's is 150

so cost of each x will be 150 divided by 10

so that gives 15

and now

he buys 15 units of y spending his all income that is 150

so the cost of 15 y's is 150

so to know cost of y we have to divide 150 by 10

and that gives 10

therefore x price is 15 and y price is 10