Question
Budget = $2000/month for food and gasoline. Price of meals = $20/meal, Price of gasoline = $5/gallon Use q1 to stand for number of meals
Budget = $2000/month for food and gasoline. Price of meals = $20/meal, Price of gasoline = $5/gallon Use q1 to stand for number of meals and q2 for gallons of gas. The budget constraint is: 1) 2000 = q1+q2 2) 2000 = (1/20)q1+(1/5)q2 3) 2000 = 5q1+20q2 4) 2000 = 20q1+5q2
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Auditing And Other Assurance Services
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser
10th Canadian Edition
0131296159, 978-0131296152
