The budget constraint cuts the horizontal axis at 12 units of good X and it cuts the vertical axis at 20 units of good Y. If the price of good X is $20 and the price of good Y is $12, then what does income equal?
A)$200
B)$240
C)$520
D)$280
E)There is not enough information to answer the question.

Question

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The Answer of The budget constraint cuts the horizontal axis at 12 units of good X and it cuts the vertical axis at 20 units of good Y. If the price of good X is $20 and the price of good Y is $12, then what does income equal?
A)$200
B)$240
C)$520
D)$280
E)There is not enough information to answer the question.

The Budget Constraint Cuts the Horizontal Axis at 12 Units