What Is the Maximum Amount of Good Y That Can

question 2

Multiple Choice

What is the maximum amount of good Y that can be purchased if X and Y are the only two goods available for purchase and P_x = $5,P_y = $10,X = 20,and M = 500?

• A) 40
• B) 25
• C) 50
• D) 75

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Definitions:

Number Field

A data field specifically designed to hold numeric values, often used in databases and form inputs.

Currency Symbol

A graphical sign used as a shorthand for a currency's name, especially in reference to amounts of money.

Data Type

The classification of data based on the kind of value it holds, dictating how it can be used and stored.

Percent

A unit of measure equal to one hundredth of a total; a way to express fractions as parts of a hundred.