Figure 21-5
-Refer to Figure 21-5.Suppose a consumer has $100 in income,the price of popcorn is $2,and the value of B is 100.What is the price of Mt.Dew?
A) $1
B) $2
C) $5
D) $100

Question

Figure 21-5 
-Refer to Figure 21-5.Suppose a consumer has $100 in income,the price of popcorn is $2,and the value of B is 100.What is the price of Mt.Dew?
A) $1 
B) $2 
C) $5 
D) $100

Quizplus · Accepted Answer

The price of popcorn is $2, and the value of B is 100. So, the consumer can buy 50 bags of popcorn (100/2 = 50). The consumer has $100 in income, so they can spend $50 on Mt. Dew. The price of Mt. Dew is $50/50 = $1.

Figure 21-5 -Refer to Figure 21-5.Suppose a Consumer Has $100 in Income,the