Ted has $600 a week to spend on clothing and food. 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
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