Marie-Louise has an income of $10 to buy peanuts and popcorn.The price of a bag of peanuts is $1 and the price of a bag of popcorn is $2.What is Marie-Louise's real income in terms of popcorn?
A) 1/2 bag of popcorn
B) $2 per bag of popcorn
C) 2 bags of popcorn
D) 5 bags of popcorn
E) 10 bags of popcorn
Correct Answer:
Verified
Q12: Real income is calculated as
A)income divided by
Q13: Use the figure below to answer the
Q14: The budget line depends on
A)income only.
B)prices only.
C)income
Q15: If income increases,the budget line
A)becomes steeper.
B)becomes flatter.
C)shifts
Q16: Guy has an income (Y)of $50 with
Q18: David has an income of $60 to
Q19: Martha consumes cake and muffins.Suppose Martha's income
Q20: Let Y = $100,QX = quantity of
Q21: Bill consumes apples and bananas.Apples are measured
Q22: Larry consumes only beer (B)and chips (C).The
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents