Suppose the price of coffee is $3 each, the price of bagels is $2 each and a person's budget is $40. The person's real income is
A) $40.
B) $13.33 in terms of bagels.
C) $13.33 in terms of coffee.
D) $8.

Name: Suppose the price of coffee is $3 each, the price of bagels is $2 each and a person's budget is $40. The person's real income is A) $40. B) $13.33 in terms of bagels. C) $13.33 in terms of coffee. D) $8.
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Question

Quizplus · Accepted Answer

The person can buy 13.33 bagels with their budget.

Suppose the Price of Coffee Is $3 Each, the Price