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darkfire12 darkfire12
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A year ago
Budget Constraints

Suppose that Margaret has $30 per week to spend on cheese and crackers. The price of a pound of cheese is $1 and the price of a box of crackers is $5.
What is the opportunity cost of a box of crackers in terms of cheese? Please round your final answer to two decimal places.
Given Margaret's budget, what is the maximum amount of cheese she can purchase?  Crackers?

▸ 0.20 pound of cheese,6 pounds of cheese, 30 boxes of crackers

▸ 5.00 pound of cheese, 30 pounds of cheese, 6 boxes of crackers

▸ 5.00 pound of cheese, 6 pounds of cheese, 30 boxes of crackers

▸ 0.20 pound of cheese, 30 pounds of cheese, 6 boxes of crackers
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Macroeconomics

Macroeconomics


Edition: 3rd
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shichihenge7shichihenge7
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