Billy Bob wants to gain some weight so that he can play football.Billy consumes only milk shakes and spinach.Milk shakes cost him $1 each and spinach costs $2 per serving.A milk shake has 850 calories and a serving of spinach has 200 calories.Billy Bob never spends more than $20 a day on food and he always consumes at least 8,000 calories per day.Which of the following is necessarily true?
A) Billy Bob consumes at least 9 milk shakes a day.
B) Billy Bob never consumes more than 6 servings of spinach a day.
C) Billy Bob never consumes positive amounts of both goods.
D) Billy Bob consumes only milk shakes.
E) None of the above.
Correct Answer:
Verified
Q25: Your budget constraint for the two goods
Q26: Your budget constraint for the two goods
Q27: Will spends his entire income on 8
Q28: If she spends her entire budget, Heidi
Q29: If you spent your entire income, you
Q31: Suppose that the prices of good x
Q32: The Chuzzlewits have an income of $m
Q33: Isabella thrives on two goods: lemons and
Q34: Edmund must pay $6 each for punk
Q35: Edmund must pay $6 each for punk
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents