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A consumer has total money income of rupees 500 to be spent on the two goods X and Y with prices of rupees 50 and rupees 10 per unit respectively.on the basis of given information find out how many units the consumer buy,if he spend all his money income on good X?
Most Upvoted Answer
A consumer has total money income of rupees 500 to be spent on the two...
**Given Information:**
- Total money income of the consumer = Rs 500
- Price of good X = Rs 50 per unit
- Price of good Y = Rs 10 per unit
**Calculation:**
To find out how many units of good X the consumer can buy, we need to divide the total money income by the price of good X.
Let's calculate it step by step:
Step 1: Divide the total money income by the price of good X
Rs 500 / Rs 50 = 10 units
Therefore, the consumer can buy 10 units of good X if he spends all his money income on it.
**Explanation:**
The consumer has a total money income of Rs 500. This is the maximum amount he can spend on goods X and Y. Since we are considering the scenario where he spends all his money income on good X, we need to calculate how many units of good X he can buy with that amount.
The price of good X is Rs 50 per unit. So, by dividing the total money income (Rs 500) by the price of good X (Rs 50), we get the number of units he can afford to buy.
In this case, the consumer can buy 10 units of good X. This means that if he spends all his money income on good X, he will be able to purchase 10 units of it.
It's important to note that this calculation assumes that the consumer spends all his money income on good X and doesn't have any money left to spend on other goods. Additionally, this calculation doesn't take into account any other factors such as consumer preferences, utility, or budget constraints. It simply provides the maximum number of units the consumer can afford to buy based on the given information.
- Total money income of the consumer = Rs 500
- Price of good X = Rs 50 per unit
- Price of good Y = Rs 10 per unit
**Calculation:**
To find out how many units of good X the consumer can buy, we need to divide the total money income by the price of good X.
Let's calculate it step by step:
Step 1: Divide the total money income by the price of good X
Rs 500 / Rs 50 = 10 units
Therefore, the consumer can buy 10 units of good X if he spends all his money income on it.
**Explanation:**
The consumer has a total money income of Rs 500. This is the maximum amount he can spend on goods X and Y. Since we are considering the scenario where he spends all his money income on good X, we need to calculate how many units of good X he can buy with that amount.
The price of good X is Rs 50 per unit. So, by dividing the total money income (Rs 500) by the price of good X (Rs 50), we get the number of units he can afford to buy.
In this case, the consumer can buy 10 units of good X. This means that if he spends all his money income on good X, he will be able to purchase 10 units of it.
It's important to note that this calculation assumes that the consumer spends all his money income on good X and doesn't have any money left to spend on other goods. Additionally, this calculation doesn't take into account any other factors such as consumer preferences, utility, or budget constraints. It simply provides the maximum number of units the consumer can afford to buy based on the given information.
Community Answer
A consumer has total money income of rupees 500 to be spent on the two...
The consumer buy 10 units of good X by spend his entire income.
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A consumer has total money income of rupees 500 to be spent on the two goods X and Y with prices of rupees 50 and rupees 10 per unit respectively.on the basis of given information find out how many units the consumer buy,if he spend all his money income on good X?
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A consumer has total money income of rupees 500 to be spent on the two goods X and Y with prices of rupees 50 and rupees 10 per unit respectively.on the basis of given information find out how many units the consumer buy,if he spend all his money income on good X? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A consumer has total money income of rupees 500 to be spent on the two goods X and Y with prices of rupees 50 and rupees 10 per unit respectively.on the basis of given information find out how many units the consumer buy,if he spend all his money income on good X? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A consumer has total money income of rupees 500 to be spent on the two goods X and Y with prices of rupees 50 and rupees 10 per unit respectively.on the basis of given information find out how many units the consumer buy,if he spend all his money income on good X?.
A consumer has total money income of rupees 500 to be spent on the two goods X and Y with prices of rupees 50 and rupees 10 per unit respectively.on the basis of given information find out how many units the consumer buy,if he spend all his money income on good X? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A consumer has total money income of rupees 500 to be spent on the two goods X and Y with prices of rupees 50 and rupees 10 per unit respectively.on the basis of given information find out how many units the consumer buy,if he spend all his money income on good X? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A consumer has total money income of rupees 500 to be spent on the two goods X and Y with prices of rupees 50 and rupees 10 per unit respectively.on the basis of given information find out how many units the consumer buy,if he spend all his money income on good X?.
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