When there is a wedge between private costs and social costs, which of the following must be present?
1 answer:
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Answer:
1. Let, Jamie needs "$ g" for the trip. Then, according to the question,
g = 600 -------------------(1)
2. Let, Stella needs "$ m" for the trip. Then, according to the question,
m = 600 -------------(2)
3. If Jamie washes x no. of cars and Stella makes y no. of pies, then,
25x ≥ 600 ≥ 15y -------------(3)
4. Yes, Stella can afford to sign up for the trip with the money she earns.
Step-by-step explanation:
Let, Jamie needs "$ g" for the trip. Then, according to the question,
g = 600 -------------------(1)
Let, Stella needs "$ m" for the trip. Then, according to the question,
m = 600 -------------(2)
if Jamie washes x no. of cars for $25 each and Stella makes y no. of pies
for $ 15 each, then, according to the question,
25x ≥ 600 ≥ 15y -------------(3)
Yes, Stella can afford to sign up for the trip with the money she earns. Because, she can make at most 40 pies for $15 each and
$ = $ 600 = The amount of money Stella needs for the trip.