Using the information in problem 3 above and letting Z = the quantity of pizza per months and T = the number of tacos per month, the equation for the budget line is best represented by
A) 10 = 10Z + 5T
B) 1000 = 20Z + 10T
C) 50 = 10Z + 5T
D) 1000 = A + B

Question

Quizplus · Accepted Answer

The budget line represents the possible combinations of pizza and tacos that can be purchased within the monthly budget of $50. The equation for the budget line can be written as: total cost = (price of pizza x quantity of pizza) + (price of tacos x quantity of tacos), or 50 = 10Z + 5T. Therefore, choice C is the correct equation for the budget line.

Using the Information in Problem 3 Above and Letting Z