Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Amanda likes to eat apples and bananas with her lunch between classes. She also keeps a close eyes on her spending each week since she

Amanda likes to eat apples and bananas with her lunch between classes. She also keeps a close eyes on her spending each week since she is in college and cannot afford the time to work to much. She has budgeted a certain amount of money each week for apples and bananas. IF she spends all of this budget on apples. She can purchase 6 apples. If she spends all of the budget on bananas. She can afford 7 bananas. What is Amanda's opportunity cost of a banana? Round your answer to the nearest tenth ( one number to the right of the decimal , for example 1.4)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

American Political Economy In Global Perspective

Authors: Harold L Wilensky

1st Edition

1139227920, 9781139227926

More Books

Students also viewed these Economics questions