Ted has $600 a week to spend on clothing (c) and food (f) . The price of clothing is $30 and the price of food is $5. What is the equation for Ted's budget constraint, assuming he spends his entire budget?
A) $30 × Clothing + $5 × Food < $600
B) $30 × Clothing + $5 × Food ≤ $600
C) $30 × Clothing + $5 × Food > $600
D) $30 × Clothing + $5 × Food = $600
Correct Answer:
Verified
Q1: Refer to the information provided in Figure
Q3: Refer to the information provided in Figure
Q4: Refer to the information provided in Figure
Q8: Jim has $600 a week to spend
Q8: Jane has $500 a week to spend
Q10: Refer to the information provided in Figure
Q14: Jane has $500 a week to spend
Q15: Refer to the information provided in Figure
Q17: Refer to the information provided in Figure
Q18: Refer to the information provided in Figure
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