Assume that a consumer has a given budget or income of $12 and that she can buy only two goods, apples or bananas. The price of

Question

3 years ago

9

Assume that a consumer has a given budget or income of $12 and that she can buy only two goods, apples or bananas. The price of

an apple is $1.50 and the price of a banana is $0.75. If the consumer decides to buy 4 apples, how many bananas can she also buy with the remainder of her budget?

Business

1 answer:

Natasha_Volkova [10] · Answer 1 · 2022-02-08T23:17:29+03:00

Natasha_Volkova [10]3 years ago

3 0

Answer:

8

Explanation:

The maximum amount she can spend is $12. If she buys 4 apples, it would cost her : 4 x $1.50 = $6. She would have $12 - $6 = $6 to spend on bananas.

If the price of bananas are $0.75, she can buy a total of $6 / $0.75 = 8 bananas

I hope my answer helps you