Question

Suppose a consumer's income is ₹20 and price of good 1 is ₹4 per unit and the price of good 2 is ₹2 per unit, state the bundles which the consumer can purchase if he spents his entire income.
(i) Can the consumer afford a bundle of 3x and 6$x2$? On the basis, also draw a budget line.

Answer 1

Answer:

yes he can afford to bi good3