Calculate Saras real income in terms of smoothies. Calculate her real income in terms of popcorn. What

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Calculate Sara’s real income in terms of smoothies. Calculate her real income in terms of popcorn. What is the relative price of smoothies in terms of popcorn? What is the opportunity cost of a smoothie?

Sara’s income is $12 a week. The price of popcorn is $3 a bag, and the price of a smoothie is $3.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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