Answer to Question #289787 in Microeconomics for Jam

Question

Clayra allocates P 500.00 of her weekly food budget between two goods: X and Y. Suppose Good X costs P50.00 per piece and Good Y, P100.00 per piece. Construct Clayra’s budget constraint table. And Draw her budget line.

Answer 1

50x+100Y=500

the maximum possible amounts of goods that can be purchased for this income at certain prices: 5 goods Y and 10 goods X