recall that Miss Muffett insists on consuming 2 units of whey per unit of curds.If the price of curds is $5 and the price of whey is $6, then if Miss Muffett's income is m, her demand for curds will be
A)m/5.
B)6m/5.
C)5C + 6W = m.
D)5m.
E)m/17.

Question

Quizplus · Accepted Answer

Miss Muffett's consumption pattern requires that for every unit of curds she consumes, she must also consume 2 units of whey. Given the prices of curds ($5) and whey ($6), the total cost of consuming 1 unit of curds and 2 units of whey is $5 + 2*$6 = $17. Therefore, with an income of m, she can afford m/17 units of curds, making the correct answer m/17.

Recall That Miss Muffett Insists on Consuming 2 Units of Whey