Saved Help Save & Suppose Marcus eats nothing but burritos for dinner. He buys 30 burritos each month. During the last couple of weeks, Marcus noticed a decrease in the price of burritos. The price of burritos fell from $6.00 per burrito last month to $5.75 per burrito this month. Assume hat Marcus has a fixed income of $180 that he can spend on burritos. How many burritos can Marcus afford to buy at the new price of $5.75? Instructions: Round your answer down to the nearest whole number. burritos
Saved Help Save & Suppose Marcus eats nothing but burritos for dinner. He buys 30 burritos each month. During the last couple of weeks, Marcus noticed a decrease in the price of burritos. The price of burritos fell from $6.00 per burrito last month to $5.75 per burrito this month. Assume hat Marcus has a fixed income of $180 that he can spend on burritos. How many burritos can Marcus afford to buy at the new price of $5.75? Instructions: Round your answer down to the nearest whole number. burritos
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Inflation
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Suppose Marcus eats nothing but burritos for dinner. He buys 30 burritos each month. During the last couple of weeks, Marcus noticed
a decrease in the price of burritos. The price of burritos fell from $6.00 per burrito last month to $5.75 per burrito this month. Assume
that Marcus has a fixed income of $180 that he can spend on burritos.
How many burritos can Marcus afford to buy at the new price of $5.75?
Instructions: Round your answer down to the nearest whole number.
burritos](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffcd2e8a9-5238-4470-b01a-2b8e10a1793f%2Fbd52a973-b1be-4b2f-a75e-f32e5ce35e4c%2Fvkwm47_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Inflation
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Suppose Marcus eats nothing but burritos for dinner. He buys 30 burritos each month. During the last couple of weeks, Marcus noticed
a decrease in the price of burritos. The price of burritos fell from $6.00 per burrito last month to $5.75 per burrito this month. Assume
that Marcus has a fixed income of $180 that he can spend on burritos.
How many burritos can Marcus afford to buy at the new price of $5.75?
Instructions: Round your answer down to the nearest whole number.
burritos
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
Step 1
Original Price of burritos = $6
New price of Burritos = $5.75
Income he can spend on Burritos = $180
Quantity he can afford at the new price =
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