A consumer lives on a diet of solely steak and potatoes. Her budget is $30 for every 10 days and she must buy enough potatoes t

Question

3 years ago

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A consumer lives on a diet of solely steak and potatoes. Her budget is $30 for every 10 days and she must buy enough potatoes t

o eat at least 2 potatoes per day. If a potato costs $0.50 and the price of a steak is $10. How much will the consumer purchase of each good?

Business

1 answer:

Alja [10] · Answer 1 · 2021-11-28T20:39:23+03:00

Answer:

Total= 20 potatoes + 2 steaks

Explanation:

Giving the following information:

Her budget is $30 for every 10 days and she must buy enough potatoes to eat at least 2 potatoes per day. If a potato costs $0.50 and the price of a steak is $10.

2 potatoes a day= 0.5*2= 1

Consumption of potatoes= 10 days*$1= $10

Consumption of steak= 30 - 10= 20/10= 2 steaks.

Total= 20 potatoes + 2 steaks

A consumer lives on a diet of solely steak and potatoes. Her budget is ​$30 for every 10 days and she must buy enough potatoes t

A consumer lives on a diet of solely steak and potatoes. Her budget is $30 for every 10 days and she must buy enough potatoes t