A family on a trip budgets $800 for sit-down restaurant meals and fast food.The family can buy 16 restaurant meals if they don't buy any fast food.What is the price of a restaurant meal for the family?
A) $5
B) $16
C) $20
D) $50
E) it is impossible to tell from the information given
Correct Answer:
Verified
Q6: The ratio of the price of the
Q7: If income decreases,there will be a parallel
Q8: A family on a trip budgets $800
Q9: Suppose that Trey spends all of his
Q10: If the price of bread were zero,a
Q12: Figure 6-1
Income = $ 100
Price per Ticket
Q13: The slope of the budget line
A)is always
Q14: A family on a trip budgets $800
Q15: Figure 6-1
Income = $ 100
Price per Ticket
Q16: Budget constraints exist for consumers because
A)their utility
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