12. Suppose a cup of coffee at the campus coffee shop is $2.00 and a cup of hot tea is $2.50. Suppose a student's beverage budget is $20 per week. What is the most cups of tea the student could buy? a. 8 b. 10 c. 16 d. 20

Microeconomics A Contemporary Intro
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Author:MCEACHERN
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Chapter6: Consumer Choice And Demand
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**Mathematics Problem for Budgeting Exercise**

**Problem 12:**
Suppose a cup of coffee at the campus coffee shop is $2.00 and a cup of hot tea is $2.50. Suppose a student's beverage budget is $20 per week. What is the most cups of tea the student could buy?

a. 8  
b. 10  
c. 16  
d. 20  

*Explanation:*

To find the most cups of tea the student could buy with a $20 weekly budget, you can use the following calculation:

1. Identify the cost per cup of tea: $2.50.
2. Divide the total budget by the cost per cup: 
   
   \[
   \frac{\$20.00}{\$2.50} = 8 \text{ cups of tea}
   \]

Therefore, the correct answer is:

**a. 8**
Transcribed Image Text:**Mathematics Problem for Budgeting Exercise** **Problem 12:** Suppose a cup of coffee at the campus coffee shop is $2.00 and a cup of hot tea is $2.50. Suppose a student's beverage budget is $20 per week. What is the most cups of tea the student could buy? a. 8 b. 10 c. 16 d. 20 *Explanation:* To find the most cups of tea the student could buy with a $20 weekly budget, you can use the following calculation: 1. Identify the cost per cup of tea: $2.50. 2. Divide the total budget by the cost per cup: \[ \frac{\$20.00}{\$2.50} = 8 \text{ cups of tea} \] Therefore, the correct answer is: **a. 8**
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