Read the report carefully and answer the questions based on the report:
|
How much units of Good Y can the consumer consume if she spends her entire income on that good? |
5 units 10 units 15 units 20 units |
10 units |
The correct answer is Option (2) → 10 units Given:
Maximum quantity of Good Y= Consumer’s Budget / Price of good Y = 100 / 10 = 10 Units Therefore, the consumer can consume 10 units of Good Y. |