Home
Class 11
ECONOMICS
Suppose a consumer can buy 6 units of go...

Suppose a consumer can buy 6 units of good A and 2 units of good B when he spends his entire income. Price of good A is Rs.10 and that of good B is Rs.8. Calculate money income of consumer.

Text Solution

Verified by Experts

The correct Answer is:
Rs.76
Promotional Banner

Topper's Solved these Questions

  • CONSUMER'S EQUILIBRIUM

    RADHA BHUGANA|Exercise LONG ANSWER|13 Videos
  • CONCEPTS OF REVENUE

    RADHA BHUGANA|Exercise Unsolved numericals|4 Videos
  • ELASTICITY OF DEMAND

    RADHA BHUGANA|Exercise Unsolved Numericals|24 Videos

Similar Questions

Explore conceptually related problems

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 ?