. If the price of commodity X is 10 Birr per unit and the price of commodity of Y is 8 Birr per unit, write the budget line equation assuming that the consumer spends all of his 500 Birr income on the two commodities, X and Y. 5 Mention at least one assumption which is common for both the cardinal and the ordinal utility approaches

/in /by

. If the price of commodity X is 10 Birr per unit and the price of commodity of Y is 8 Birr per
unit, write the budget line equation assuming that the consumer spends all of his 500 Birr income
on the two commodities, X and Y. 5 Mention at least one assumption which is common for both
the cardinal and the ordinal utility approaches

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