The Following Diagram Shows a Budget Constraint for a Particular

question 387

Multiple Choice

The following diagram shows a budget constraint for a particular consumer. If the price of X is $5,what is the consumer's income?

• A) $10
• B) $30
• C) $150
• D) $300

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Definitions:

Prohibited By Statute

Actions or practices that are explicitly disallowed by written laws.

Unenforceable

A term describing a contract or clause that cannot be legally upheld or compelled by a court.

Unlicensed Contractor

An individual or company that performs trade or service work without the necessary legal authorization or permits.

Enforceable

Describes a legal agreement or contract that can be upheld or compelled by law or by a court.