Question

A consumer has ​$200 per month to be spent on books​ (good B) and DVDs​ (good D). Market prices are as​ follows: PB​ = ​$20 and PD​ = ​$40. Use the line drawing tool to plot this​ consumer's budget constraint. Label this line​ 'Budget'. Carefully follow the instructions​ above, and only draw the required object.

Answer 1

Answer:

Explanation:

Let x is number of books (x ≥0)

Let y is the number of DBA (y≥0)

Given that PB​ = ​$20 and PD​ = ​$40 and  consumer has ​$200 per month, so we can form the inequalities:

200 ≥ 20x+ 40y

So we have a system of  inequalities is:

• 200 ≥ 20x+ 40y
• x ≥0
• y≥0

Please have a look at the attached photo, the right triangle are possible solution for the system.

Hope it will find you well