Practicing Success
Practicing Success
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A consumer wants to consume two goods- X and Y. The prices of the goods are Rs. 6 and Rs. 10 respectively. Her total income is 30. What will be the budget line equation? |
6x + 10y = 20 10x + 6y = 30 6x + 10y = 30 20x + 10y = 20 |
6x + 10y = 30 |
The equation of the budget line can be seen as: p1x1 + p2x2 = M |
