Asked by Melissa Brown on Jun 13, 2024

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If you spent your entire income, you could afford either 6 units of x and 13 units of y or 13 units of x and 6 units of y.If you spent your entire income on x, how many units of x could you buy?

A) 19
B) 32
C) 24
D) There is not enough information to determine the number of x.
E) None of the above.

Entire Income

The total amount of money received by an individual or household from all sources, including wages, salaries, investments, and any other earnings.

Units Of X

A measurement term used to quantify an item or commodity in discussion, often used in economics or production.

Units Of Y

This key term typically refers to the measurement of quantity for a variable Y, such as production output or consumption goods.

  • Examine the effects of price fluctuations on a consumer's budget constraints and potential consumption options.
  • Determine the impact of variations in price and income on the consumer's capacity to buy different combinations of products.
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RM
Richard MummaJun 16, 2024
Final Answer :
A
Explanation :
The problem can be solved by setting up equations based on the given information. Let the price of one unit of x be Px and the price of one unit of y be Py. The total income can be represented in two ways: 6Px + 13Py or 13Px + 6Py. Since both expressions equal the total income, they can be set equal to each other. However, to find how many units of x can be bought with the total income, we don't need to solve for the prices. We can observe that the total number of units (x and y combined) that can be bought in either scenario is 19. Since the question asks for the number of units of x that can be bought with the entire income (assuming the price of x remains constant), and we know the total units of x and y combined that can be bought is 19, the answer is 19 units of x if all income is spent on x.