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Author Question: Darius has $1,200 a month to spend on clothing ( c) and food ( f). The price of clothing is $60 and ... (Read 215 times)

vicotolentino

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on: Apr 19, 2019

Question 1

Hector has $1,000 a month to spend on clothing (
c) and food (
f). The price of clothing is $50 and the price of food is $20. What is the equation for Hector's budget constraint?


◦ Clothing + Food < $1,000
◦ $50 × Clothing + $20 × Food ≥ $1,000
◦ ($50 × Clothing) / ($20 × Food) = $1,000
◦ $50 × Clothing + $20 × Food = $1,000

Question 2

Darius has $1,200 a month to spend on clothing (
c) and food (
f). The price of clothing is $60 and the price of food is $10. What is the equation for Darius's budget constraint, assuming he spends his entire budget?


◦ Clothing + Food < $1,200
◦ $60 × Clothing + $10 × Food ≤ $1,200
◦ $60 × Clothing + $10 × Food > $1,200
◦ $60 × Clothing + $10 × Food = $1,200
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by vicotolentino on Apr 19, 2019

amy.lauersdorf90

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Reply #1 on: Apr 19, 2019
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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vicotolentino

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Reply #2 on: Apr 19, 2019
Excellent


amy.lauersdorf90

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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