Assume that quantities do not need to be integers. That is, it is possible for Prof. G. to purchase 37.5 cappuccinos. (And if the price of a cappuccino is $4, he would spend 37.5 * $4 = $150 on cappuccinos.) Prof. G. spends all of his money on cappuccino and scones and never has money left over. (Caffeine, butter and a bit of sugar. What more could you want?) Next month, he is planning on purchasing 120 cappuccinos at a price of $3 each and 60 scones at a price of $2 each. What is the cost, in cappuccinos, if he increases his scone purchases to 61?
Assume that quantities do not need to be integers. That is, it is possible for Prof. G. to purchase 37.5 cappuccinos. (And if the price of a cappuccino is $4, he would spend 37.5 * $4 = $150 on cappuccinos.) Prof. G. spends all of his money on cappuccino and scones and never has money left over. (Caffeine, butter and a bit of sugar. What more could you want?) Next month, he is planning on purchasing 120 cappuccinos at a price of $3 each and 60 scones at a price of $2 each. What is the cost, in cappuccinos, if he increases his scone purchases to 61?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Assume that quantities do not need to be integers. That is, it is possible for Prof. G. to purchase 37.5 cappuccinos. (And if the price of a cappuccino is $4, he would spend 37.5 * $4 = $150 on cappuccinos.)
Prof. G. spends all of his money on cappuccino and scones and never has money left over. (Caffeine, butter and a bit of sugar. What more could you want?) Next month, he is planning on purchasing 120 cappuccinos at a price of $3 each and 60 scones at a price of $2 each. What is the cost, in cappuccinos, if he increases his scone purchases to 61?
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