Suppose that Julia receives a $20 gift card for the local coffee shop, where she only buys lattes and muffins. If the price of a latte is $4 and the price of a muffin is $2, then we can conclude that Julia Multiple Choice can buy 5 lattes or 10 muffins if she chooses to buy only one of the two goods. should only buy lattes. can buy 5 lattes and 10 muffins with her $20 gift card. should only buy muffins.
Suppose that Julia receives a $20 gift card for the local coffee shop, where she only buys lattes and muffins. If the price of a latte is $4 and the price of a muffin is $2, then we can conclude that Julia Multiple Choice can buy 5 lattes or 10 muffins if she chooses to buy only one of the two goods. should only buy lattes. can buy 5 lattes and 10 muffins with her $20 gift card. should only buy muffins.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Suppose that Julia receives a $20 gift card for the local coffee shop, where she only buys lattes and muffins. If the price of a
latte is $4 and the price of a muffin is $2, then we can conclude that Julia
Multiple Choice
can buy 5 lattes or 10 muffins if she chooses to buy only one of the two goods.
should only buy lattes.
can buy 5 lattes and 10 muffins with her $20 gift card.
should only buy muffins.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb89ef543-1b8e-4758-9df8-6226f9e0157e%2F23e5df27-1d38-4840-acf3-75cad649319e%2Fv9vic4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose that Julia receives a $20 gift card for the local coffee shop, where she only buys lattes and muffins. If the price of a
latte is $4 and the price of a muffin is $2, then we can conclude that Julia
Multiple Choice
can buy 5 lattes or 10 muffins if she chooses to buy only one of the two goods.
should only buy lattes.
can buy 5 lattes and 10 muffins with her $20 gift card.
should only buy muffins.
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