If Sam has $80.00 each week to spend on tacos and magazines, and their respective prices are $.50 per taco and $4.00 per magazine, which of the following equations represents his budget line?
A) $80.00 = $0.50(Qt) + $4.00(Qm)
B) $80.00 = Qt/Qm + $0.50 /$4.00
C) $80.00 = $0.50(Qm) + $4.00(Qt)
D) $80.00 = $0.50/Qt + $4.00/Qm

Question

Quizplus · Accepted Answer

The correct equation representing Sam's budget line is $80.00 = $0.50(Qt) + $4.00(Qm), where Qt represents the quantity of tacos and Qm represents the quantity of magazines. This equation correctly allocates the prices to the respective items and sums their total cost to match Sam's budget.

If Sam Has $80