Suppose a cup of coffee at the campus coffee shop is $2.50 and a cup of hot tea is $1.25.Suppose a student's beverage budget is $20 per week.Suppose the student simply prefers more caffeine to less and that the tea sold has the same amount of caffeine as the coffee.The student will buy

Question

Quizplus · Accepted Answer

Given the student's preference for more caffeine and the equal caffeine content in both beverages, the student will maximize their caffeine intake by spending their entire budget on the cheaper option, which is tea. This allows them to purchase the most beverages for their budget.

Suppose a Cup of Coffee at the Campus Coffee Shop