Question
Quincy lives on pretzels and seafood salads. The priceof pretzels is 1 dollar per bag and the price of seafoodsalads is2dollars each. Quincy allows himself
Quincy lives on pretzels and seafood salads. The priceof pretzels is 1 dollar per bag and the price of seafoodsalads is2dollars each. Quincy allows himself tospend nomore than14dollarsaday on food. Healsorestrictshis consumption to 3,400 calories per day.There are 600 calories in a bag of pretzels and 200calories inaseafood salad. Ifhe spendshis entire moneybudget each day and consumes no more calories thanhis calorielimit, he can consume up to
a.2bagsofpretzelsperdaybutnomore.
b.5 seafood saladsperdaybutnomore.
c.5bagsofpretzelsperdaybutnomore.
d.4 bagsofpretzelsperdaybutnomore.
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
