Suppose Olivia has an income of $800/week for which she can use to consume two goods: entertainment (E) and other (O). Furthermore, suppose the price per unit of entertainment is $40 and the price per unit of other is $25. If Olivia buys 5 units of entertainment, what is the maximum amount of other she could buy?   Question 43 options: a 16 units of other b 20 units of other c 28 units of other d None of the above

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
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Chapter10: Consumer Choice Theory
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Suppose Olivia has an income of $800/week for which she can use to consume two goods: entertainment (E) and other (O). Furthermore, suppose the price per unit of entertainment is $40 and the price per unit of other is $25.

If Olivia buys 5 units of entertainment, what is the maximum amount of other she could buy?

 

Question 43 options:

a
16 units of other
b
20 units of other
c
28 units of other
d
None of the above
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