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Algebraic expression for her budget constraint

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Reference no: EM131252225

Suppose an individual spends her income on goods X and Y. If her income is $200, the price of good X is PX= $4, and the price of good Y is PY= $2, then the algebraic expression for her budget constraint is:

  • Y = 50 - 0.5X
  • Y = 100 - 0.5X
  • Y = 200 - 0.5X
  • Y = 50 - 2X
  • Y = 100 - 2X
  • Y = 200 - 2X

Reference no: EM131252225

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