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Jackson consumes bananas and mangos. He receives an income of $14 per week to spend on these two goods. The price of a banana is $1, and the price of a mango is $2. Part 1: If Jackson consumes 0 bananas per week, how many mangos can he afford per week? Answer: 14/2=7 mangos per week Part 2: If Jackson consumes 4 bananas per week, how many mangos can he afford per week? Answer: 4(1)=$4-> 14-4-10 -> 10/2-5 mangos per week Part 3: If Jackson consumes 8 bananas per week, how many mangos can he afford per week? Answer: 8(1)=8 -> 14-8=6 -> 6/2=3 mangos a week

Jackson consumes bananas and mangos. He receives an income of $14 per week to spend on these two goods. The price of a banana is $1, and the price of a mango is $2. Part 1: If Jackson consumes 0 bananas per week, how many mangos can he afford per week? Answer: 14/2=7 mangos per week Part 2: If Jackson consumes 4 bananas per week, how many mangos can he afford per week? Answer: 4(1)=$4-> 14-4-10 -> 10/2-5 mangos per week Part 3: If Jackson consumes 8 bananas per week, how many mangos can he afford per week? Answer: 8(1)=8 -> 14-8=6 -> 6/2=3 mangos a week

Economics:
Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter21: Demand: Consumer Choic
Section: Chapter Questions
Problem 10E
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Jackson consumes bananas and mangos. He receives an income of $14 per week to spend on these two goods. The price of a banana is $1, and the price of a mango is $2. Part 1: If Jackson consumes 0 bananas per week, how many mangos can he afford per week? Answer: 14/2=7 mangos per week Part 2: If Jackson consumes 4 bananas per week, how many mangos can he afford per week? Answer: 4(1)=$4-> 14-4-10 -> 10/2-5 mangos per week Part 3: If Jackson consumes 8 bananas per week, how many mangos can he afford per week? Answer: 8(1)=8 -> 14-8=6 -> 6/2=3 mangos a week
Transcribed Image Text:Jackson consumes bananas and mangos. He receives an income of $14 per week to spend on these two goods. The price of a banana is $1, and the price of a mango is $2. Part 1: If Jackson consumes 0 bananas per week, how many mangos can he afford per week? Answer: 14/2=7 mangos per week Part 2: If Jackson consumes 4 bananas per week, how many mangos can he afford per week? Answer: 4(1)=$4-> 14-4-10 -> 10/2-5 mangos per week Part 3: If Jackson consumes 8 bananas per week, how many mangos can he afford per week? Answer: 8(1)=8 -> 14-8=6 -> 6/2=3 mangos a week
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