Will spends his entire income on 8 sacks of acorns and 8 crates of butternuts. The price of acorns is 9 dollars per sack and his income is 88 dollars. He can just afford a commodity bundle with A sacks of acorns and B crates of butternuts that satisfies the budget equation
A) 9A + 4B = 88.
B) 18A + 4B = 176.
C) 11A + 2B = 88.
D) 9A + 6B = 90.
E) None of the above.

Question

Quizplus · Accepted Answer

The Answer of Will spends his entire income on 8 sacks of acorns and 8 crates of butternuts. The price of acorns is 9 dollars per sack and his income is 88 dollars. He can just afford a commodity bundle with A sacks of acorns and B crates of butternuts that satisfies the budget equation
A) 9A + 4B = 88.
B) 18A + 4B = 176.
C) 11A + 2B = 88.
D) 9A + 6B = 90.
E) None of the above.

Will Spends His Entire Income on 8 Sacks of Acorns