If the consumer's budget constraint is given by 10F + 5S = 100 where F is...
If the consumer's budget constraint is given by 10F + 5S = 100 where F is food and S is shelter, how much food can he buy if he purchases 4 units of shelter?
A 10
B 8
C 20
D 9
Homework Answers
Answer : The answer is option B.
Given,
10F + 5S = 100
And S = 4 units.
By putting the value of S in budget constraint we get,
10F + (5 * 4) = 100
=> 10F + 20 = 100
=> 10F = 100 - 20 = 80
=> F = 80 / 10
=> F = 8
So, here the consumer buy 8 units of food.
Therefore, option B is correct.
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If the consumer's budget constraint is given by 10F + 5S = 100
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