Mary has $10 to spend each week on coffee, Q_c and magazines, Q_m. The price of a coffee is $1, and the price of a magazine is $2. Mary's budget equation is ________. A) Q_m = 10 - Q_c B) Q_m + Q_c = 20 C) $1 × Q_c + $2 × Q_m = $10 D) Q_m = 10 - 2 × Q_c

Question

Quizplus · Accepted Answer

This is the budget equation that relates the quantity of coffee and magazines that Mary can buy within her budget of $10 per week. It takes into account the prices of each item and sets them equal to the total budget available. The other choices either do not include both items or do not accurately represent the budget equation.

Mary Has $10 to Spend Each Week on Coffee, Qc

Mary Has $10 to Spend Each Week on Coffee, Q_c