[Answer] A consumer has $50 to spend. He has to decide between buying two goods: magazines priced at $5 each and DVDs priced at $10 each. Which of the following combinations of the two goods will exactly satisfy his budget constraint?A) 3 magazines and 4 DVDsB) 2 magazines and 4 DVDsC) 6 magazines and 1 DVDD) 2 magazines and 2 DVDs

Answer: B) 2 magazines and 4 DVDs
A consumer has $50 to spend. He has to decide between buying two goods: magazines priced at $5 each and DVDs priced at $10 each. Which of the following combinations…

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