Suppose a consumer can aford to buy 6 units of
Good-1 and 8 units of Good-2, if she spends her
entire income. The prices of the two goods are Rs.6
and Rs.8 respectively. How much is the consumer's
income?
Answers
Answered by
5
Answer:
The total income of consumer is Rs100
Explanation:
Given:-
Price of Good-1=Rs6
Total cost of 6 units of Good-1 =Rs36
Price of Good-2=Rs8
Total cost of 8 units of Good-2=Rs64
Total Income=Total cost of 6 units of Good-1+Total cost of 8 units of Good-2
Total income=36+64
Total income is Rs100
Similar questions