Answer to Question #151140 in Microeconomics for Khushi

Question

Assume that a consumer consumes two commodities X and Y and makes five combinations for the two commodities
Combinations. X. Y.
A. 25. 3
B. 20. 5
C. 16. 10
D. 13. 18
E. 11. 28

Answer 1

If a consumer consumes two commodities X and Y and makes five combinations for the two commodities, then we need to know his budget and the prices of these commodities to to his optimal combination.