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Author Question: Joe's budget constraint equals 500 = 2F + 100S, where 500 is Joe's income, 2 is the price of food ... (Read 101 times)

Bernana

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on: Jul 1, 2018
Joe's budget constraint equals 500 = 2F + 100S, where 500 is Joe's income, 2 is the price of food (F) and 100 is the price of shelter (S). How much food can Joe buy if he buys one unit of shelter?
 
  A) 2 units
  B) 200 units
  C) 250 units
  D) 400 units

Question 2

Joe's income is 500, the price of food (F) is 2 per unit, and the price of shelter (S) is 100. Which of the following represents his budget constraint?
 
  A) 500 = 100F + 2S
  B) 500 = 2F + 100S
  C) S = 500 - 2F
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
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asdfasdf

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Bernana

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

laurnthompson

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Reply 3 on: Yesterday
Excellent

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