Question

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 to 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?

Answer 1

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