Re: budget constraint

Posted by Nikkita on May 17, 2016; 4:47pm
URL: http://discussion-forum.276.s1.nabble.com/budget-constraint-tp7600842p7600856.html

Yes answer=16

4x+6y=M
12x+2y=M
 Solving both equations, we get x=M/16, y= M/8

So, if spend money on x alone, then x= M/(M/16)= 16 units ans.