Edmund must pay $6 each for punk rock video cassettes.If Edmund is paid $48 per sack for accepting garbage and if his relatives send him an allowance of $432, then his budget line is described by the equation
A)6V = 48G.
B)6V + 48G = 432.
C)6V - 48G = 432
D)6V = 432 - G
E)None of the above.

Question

Quizplus · Accepted Answer

Let V be the number of punk rock video cassettes Edmund can buy, and let G be the number of sacks of garbage he accepts. 
We know that Edmund must pay $6 for each cassette, so the amount he spends on videos is 6V. 
He earns $48 for each sack of garbage, so the amount he earns from garbage is 48G. 
His relatives send him an allowance of $432, so the total amount of money he has to spend is 432. 
Therefore, we can write the budget constraint as: 6V - 48G = 432 
This can be rearranged to: 6V = 48G + 432 
The correct choice is therefore C.

Edmund Must Pay $6 Each for Punk Rock Video Cassettes