Figure 21-4
-Refer to Figure 21-4. Suppose a consumer has $600 in income, the price of pretzels is $2, and the price of lemonade is $3. What is the value of B?
A)200
B)300
C)500
D)50

Question

Figure 21-4 
-Refer to Figure 21-4. Suppose a consumer has $600 in income, the price of pretzels is $2, and the price of lemonade is $3. What is the value of B?
A)200 
B)300 
C)500 
D)50

Quizplus · Accepted Answer

The value of B represents the maximum quantity of pretzels the consumer can buy with their $600 income if they spend all of it on pretzels. Since pretzels cost $2 each, the consumer can buy $600 / $2 = 300 pretzels.

Figure 21-4 -Refer to Figure 21-4. Suppose a Consumer Has $600 in Has