Mario consumes eggplants and tomatoes in the ratio of 1 bushel of eggplants per 1 bushel of tomatoes.His garden yields 30 bushels of eggplants and 10 bushels of tomatoes.He initially faced prices of $10 per bushel for each vegetable, but the price of eggplants rose to $30 per bushel, while the price of tomatoes stayed unchanged.After the price change, he would
A) decrease his consumption of eggplants by 7 bushels.
B) increase his consumption of eggplants by 7 bushels.
C) decrease his eggplant consumption by at least 5 bushels.
D) increase his eggplant consumption by 5 bushels.
E) decrease his tomato consumption by at least 1 bushel.
Correct Answer:
Verified
Q40: Holly consumes x and y.The price of
Q41: If Abishag owns 16 quinces and 15
Q42: Henri is paid $9 an hour for
Q43: Quincy consumes only uglifruits and bananas.His only
Q44: Gladys Goodhands is an insurance agent.She must
Q46: Mario consumes eggplants and tomatoes in the
Q47: Dudley has a utility function U(C, R)=
Q48: Albert consumes only tangerines and bananas.His only
Q49: If Abishag owns 18 quinces and 5
Q50: Mr.Cog has 18 hours per day to
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