1 Calculate Saras real income in terms of smoothies. Calculate her real income in terms of popcorn....
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1 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 has an income of £12 a week. The price of popcorn is £3 a bag, and the price of a smoothie is £3.
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Related Book For
Economics
ISBN: 9781118150122
10th European Edition
Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews
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