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6. A consumer with an income of $100 faces a situation where both good x and good y have the same price and are available in

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Answer #1

Answer= None of them are true-

Option A can be true when Price of each good is equal to $2.

(20,30) point is inside of budget line.

Budget constraint= Px*x+Py*y=100

Px=Py=P

P(x+y)=100

P(20+30)=100

P=100/50=2

When P=2

2*20+2*30=40+60=100

Option B is incorrect as we cannot find the MRS without indifference curve.

Option C is incorrect as we cannot say which bundle the consumer prefrrs withoit indifference curve.

If it helps kindly upvote

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