Use the following to answer questions:
-(Table: Peanut Butter and Jelly)Use Table: Peanut Butter and Jelly.Suppose a market basket consists of 20 jars of peanut butter and 10 jars of jelly.What is the value of the market basket in 2013?
A) $3.35
B) $40
C) $42
D) $44.50

Question

Use the following to answer questions: 
-(Table: Peanut Butter and Jelly)Use Table: Peanut Butter and Jelly.Suppose a market basket consists of 20 jars of peanut butter and 10 jars of jelly.What is the value of the market basket in 2013?
A) $3.35 
B) $40 
C) $42 
D) $44.50

Quizplus · Accepted Answer

The value of the market basket is calculated by multiplying the quantity of each item by its price in 2013 and summing the results. If the price of peanut butter in 2013 is $2.00 per jar and jelly is $2.45 per jar, the calculation would be (20 jars * $2.00) + (10 jars * $2.45) = $40 + $24.50 = $44.50.

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