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

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Question
Please correct answer and don't use hand rating
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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