Assume that a college student spends her income on books and pizza. The price of a pizza is $8, and the price of a book is $15. If she has $120 in income, she could choose to consume
A) 8 pizzas and 4 books.
B) 4 pizzas and 6 books.
C) 5 pizzas and 5 books.
D) 2 pizzas and 7 books.
Correct Answer:
Verified
Q122: A budget constraint illustrates the
A)prices that a
Q451: Jack and Diane each buy pizza and
Q452: The following diagram shows a budget constraint
Q453: Suppose a consumer spends his income on
Q455: Suppose a consumer has an income of
Q457: Jack and Diane each buy pizza and
Q458: Karen, Tara, and Chelsea each buy ice
Q459: Budget constraints exist for consumers because
A)their utility
Q460: Jack and Diane each buy pizza and
Q461: A family on a trip budgets $800
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