a-firm-has-a-budget-of-60000-if-the-price-of-input-x-is-10000-per-unit-and-the-p

Question

A firm has a budget of $60,000. If the price of input X is $10,000 per unit and the price of input Y is $5,000 per unit, which of the following combinations of inputs is feasible?

Accepted Answer

3 units of input X and 6 units of input Y

Answer

5 units of input X and 2 units of input Y

Answer

6 units of input X and 1 unit of input Y

Answer

4 units of input X and 4 units of input Y

A firm has a budget of \$60,000. If the price of input X is \$10,000 per unit and the price of input Y is \$5,000 per unit, which of the following combinations of inputs is feasible?