Ted has $600 a week to spend on clothing (c) and food (f). The price of clothing is $30 and the price of food is $5. What is the equation for Ted's budget constraint? A) $30 × Clothing + $5 × Food $600 D) $30 × Clothing + $5 × Food = $600

Question

Ted has $600 a week to spend on clothing (c) and food (f). The price of clothing is $30 and the price of food is $5. What is the equation for Ted's budget constraint?
A) $30 × Clothing + $5 × Food < $600
B) $30 × Clothing + $5 × Food ≤ $600
C) $30 × Clothing + $5 × Food > $600
D) $30 × Clothing + $5 × Food = $600

Quizplus · Accepted Answer

The Answer of Ted has $600 a week to spend on clothing (c) and food (f). The price of clothing is $30 and the price of food is $5. What is the equation for Ted's budget constraint?
A) $30 × Clothing + $5 × Food < $600
B) $30 × Clothing + $5 × Food ≤ $600
C) $30 × Clothing + $5 × Food > $600
D) $30 × Clothing + $5 × Food = $600

Ted Has $600 a Week to Spend on Clothing (C)