Joshua has income endowment of $1,000,the price of food is $2 per unit and the price of non-food is $4 per unit.If he spent all of his income on food,how many units of food can he buy?
A) 1,000 units.
B) 250 units.
C) 500 units.
D) 0 unit.

Question

Quizplus · Accepted Answer

Joshua can buy 500 units of food if he spends all of his $1,000 income on food, calculated by dividing the total income by the price per unit of food ($1,000 / $2 = 500 units).

Joshua Has Income Endowment of $1,000,the Price of Food Is