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Author Question: Budget ConstraintsSuppose that Margaret has $30 per week to spend on cheese and crackers. The price ... (Read 154 times)

Austinleez3

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on: Nov 23, 2022
Budget Constraints

Suppose that Margaret has $30 per week to spend on cheese and crackers. The price of a pound of cheese is $1 and the price of a box of crackers is $5.
What is the opportunity cost of a box of crackers in terms of cheese? Please round your final answer to two decimal places.
Given Margaret's budget, what is the maximum amount of cheese she can purchase?  Crackers?
◦ 0.20 pound of cheese,6 pounds of cheese, 30 boxes of crackers
◦ 5.00 pound of cheese, 30 pounds of cheese, 6 boxes of crackers
◦ 5.00 pound of cheese, 6 pounds of cheese, 30 boxes of crackers
◦ 0.20 pound of cheese, 30 pounds of cheese, 6 boxes of crackers
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by Austinleez3 on Nov 23, 2022

feiojef

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Reply #1 on: Nov 23, 2022
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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Austinleez3

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Reply 2 on: Nov 23, 2022
Excellent

cdmart10

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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