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ECS1501 ASSIGNMENT 6 GRADED A
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ECS1501 ASSIGNMENT 6 QUESTIONS AND EXPECTED ANSWERS The price of popcorn is $0.50 per box and the price of peanuts is $0.25 per bag. You have $10 to spend on both goods. The maximum number of bags of peanuts that you can purchase is: A. 5. B. 20. C. 40. D. 10. - CORRECT ANSWERC. 40 T...

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  • September 28, 2022
  • 3
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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  • ecs1501 assignment 6 questions and expected answers
  • the price of popcorn is 050 per box and the price of peanuts is 025 per bag you have 10 to spend on both goods the maximum number of bags of

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ECS1501 ASSIGNMENT 6 QUESTIONS AND EXPECTED ANSWERS The price of popcorn is $0.50 per box and the price of peanuts is $0.25 per bag. You have $10 to spend on both goods. The maximum number of bags of peanuts that you can purchase is: A. 5. B. 20. C. 40. D. 10. - CORRECT ANSWERC. 40 The price of popcorn is $0.50 per box and the price of peanuts is $0.25 per bag. You have $5 to spend. You decide to purchase 8 boxes of popcorn. The maximum number of bags of peanuts that you can purchase is: A. 8. B. 10. C. 12. D. 4. - CORRECT ANSWERD. 4 Adam has a monthly income of $20 that can be spent on books (B) and pencils (P). The price of a book is $5 and the price of a pencil is $0.50. Which of the following bundles of books and pencils is UNAFFORDABLE? A. 2 books and 20 pencils B. 2 books and 30 pencils C. 1 book and 20 pencils D. 4 books and no pencils - CORRECT ANSWERB. 2 books and 30 pencils Adam has a monthly income of $20 that can be spent on books (B) and pencils (P). The price of a book is $5 and the price of a pencil is $0.50. Which of the following bundles of books and pencils lies ON Adam's budget line? A. 2 books and 20 pencils B. 1 book and 40 pencils C. 3 books and 5 pencils D. no books and 20 pencils - CORRECT ANSWERA. 2 books and 20 pencils Scenario: Tom's Budget Constraint

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