Nick Insists on Consuming 3 Times as Much of Y

question 66

Multiple Choice

Nick insists on consuming 3 times as much of y as he consumes of x (so he always has y = 3x) .He will consume these goods in no other ratio.The price of x is 2 times the price of y.Nick has an endowment of 20 x's and 75 y's which he can trade at the going prices.He has no other source of income.What is Nick's gross demand for x?

• A)21
• B)115
• C)23
• D)95
• E)We can't determine the answer without knowing the price of x.

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Definitions:

Skin Surface

The outermost layer of the skin that protects the body from the external environment, including pathogens and physical damage.

Hair Bulb

The rounded, bulbous base of a hair follicle containing actively dividing cells which produce the hair shaft.

Cuticle

The cuticle is a protective and waxy or hard outer layer found on the surface of plants, hairs, nails, and other surfaces, serving as a barrier against environmental damage.

Medulla

A section of the brainstem that controls vital bodily functions such as heartbeat and breathing.