A Consumer Has an Income of $200, and the Price

question 167

Multiple Choice

A consumer has an income of $200, and the price of X is $5, while the price of Y is $10. If the consumer buys 8 units of X, then the maximum quantity of Y that she could also buy is

• A)16
• B)18
• C)20
• D)14

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Definitions:

Uncollectible Account Receivable

Money owed to a company from a customer that is deemed unlikely to be paid, often resulting in a write-off.