Jill likes to consume coffee and cream in a very particular way: with every cup of coffee she always consumes two 0.5 oz. cream containers. Jill is a utility maximizer and decides to spend her income is $120 per month on coffee and cream. If the price of each coffee cup is $2.50, and the price of each cream container is $0.25, she will consume ______ cups of coffee and ______ cream containers per month. A) 48; 96. B) 96; 48. C) 240; 480 D) 80; 40 E) None of the above.
Jill likes to consume coffee and cream in a very particular way: with every cup of coffee she always consumes two 0.5 oz. cream containers. Jill is a utility maximizer and decides to spend her income is $120 per month on coffee and cream. If the price of each coffee cup is $2.50, and the price of each cream container is $0.25, she will consume ______ cups of coffee and ______ cream containers per month. A) 48; 96. B) 96; 48. C) 240; 480 D) 80; 40 E) None of the above.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Jill likes to consume coffee and cream in a very particular way: with every cup of
coffee she always consumes two 0.5 oz. cream containers. Jill is a utility maximizer and
decides to spend her income is $120 per month on coffee and cream. If the
coffee cup is $2.50, and the price of each cream container is $0.25, she will consume
______ cups of coffee and ______ cream containers per month.
A) 48; 96.
B) 96; 48.
C) 240; 480
D) 80; 40
E) None of the above.
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