A consumer wants to consume 2 goods. Prices of goods are Rs.4 and Rs.5 respectively The consumer's income is Rs.20
(i) Write down the equation of budget line.
(ii)How much of good 1 can the consumer consume if she spends her entire income on that good?
(iii) How much of good 2 can she consume if she spends her entire income on that good?
(iv) What is slope of the budget line ?

A consumer wants to buy two goods. The price of two goods are Rs.4 and Rs.5 respectively. The consumer's income is Rs.20. (i)Write down the equation of budget line. (ii)How much of good 1 cm the consumer consume, if he spends his entire income on that good ? (iii)How much of good 2 can he consumer if he spends his entire income on that good ? (iv)What is the slope of budget line ?

A consumer has total money income of Rs.250 to be spent on two goods X and Y with prices of Rs.25 and Rs.10 per unit respectively.On the basis of the given information , answer the following questions : (a) Given the equation of the budget line for the consumer. (b)What is the value of slope of the budget line ? (c )How many units can the consumer buy if he is to spend all his money income on good X ? (d)How does the budget line change if there is a fall in price of good Y ?

A consumer has total money income of Rs.500 to be spent on two goods x and y with prices of Rs.50 and Rs.10 per unit respectively. On the basis of the given information, answer the following question : (a)Give the equation of the budget line for consumer. (b)What is the value of slope of the budget line ? (c )How many units can the consumer buy if he is to spend all his money income on good x ? (d) How does the budget line change if there is a 50% falls in price of good y ?

A consumer consumers only 2 goods X and Y. The marginal utilities of X and Y is 3. Prices of X and Y are Rs.2 and Rs.1 respectively. Is consumer in equilibrium ? What will be further reaction of the consumer ? Give reasons .