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JAMB Economics 1995 Question 21

Question 21

Tools of Economic Analysis

If y represents the income earned by workers in a factory, find the range of their income which satisfies the following inequality: 4Y − 300 > 500.

  1. A.y > 300
  2. B.y > 250
  3. C.y > 200
  4. D.y > 150.
Show the answer and explanation

Answer: C (y > 200)

Explanation

4Y − 300 > 500 gives 4Y > 800, so Y > 200.