If You Have an Income of $16 to Spend, If

question 1

Multiple Choice

if you have an income of $16 to spend, if commodity 1 costs $2 per unit, and if commodity 2 costs $4 per unit, then the equation for your budget line can be written

• A)x₁ +2x₂ = 8.
• B)3x₁ + 5x₂ = 17.
• C)(x₁ + x₂)/6 = 16
• D)x₁/2 + x₂/4 = 16.
• E)6(x₁ + x₂) = 16.

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