Satish is very conscious about the food he eats. He only eats rotis and dal; a cup of dal costs ₹ 2, while each roti costs a rupee; and Satish decides to spend only ₹ 13 per day on food. He also decides to consume exactly 5500 calories a day; he has been told that each roti has 1000 calories while each cup of dal has 500 calories. He spends the entire money he has allocated to food. Then he consumes
Tap an option to check your answer.
Checking your account…
Budget constraint and consumer equilibrium has come up 99 times in 7 exams since 2004.
This question is on Non-standard budgets: bundles, rationing and quantity limits, part of Budget constraint and consumer equilibrium in Microeconomics.
Budget sets with bundled offers, tie-ins, quantity caps, block prices or liquidity constraints.
TestStop has 14 past-paper questions on this subtopic; the nearest in year are below.
Question from the JNU SSS 2013 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.