Macroeconomics (12th Edition) (Pearson Series in Economics)
12th Edition
ISBN: 9780133872644
Author: Michael Parkin
Publisher: PEARSON
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Question
Chapter 2, Problem 22APA
(a)
To determine
Identify the
(b)
To determine
Identify the total
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Potatoes cost Janice $0.50 per pound, and she has $5.00 that she could
possibly spend on potatoes or other items. Suppose she feels that the first
pound of potatoes is worth $1.50, the second pound is worth $1.14, the third
pound is worth $1.05, and all subsequent pounds are worth $0.30 per
pound.
Instructions: Enter your answers as a whole number.
a. How many pounds of potatoes will she purchase?
pound(s) of potatoes
b. How many pounds will she purchase if she has only had $2.00 to spend?
pound(s) of potatoes
Use the table with data for Maria and Jose to answer the
question.
Table: Maria and Jose Produce Strawberry Jam
Jose charges $8 per
jar.
Jose charges $4 per jar.
Maria charges $8 per
jar.
Maria charges $4 per
jar.
Maria earns $200, and Maria earns $50, and
Jose earns $180.
| Maria earns $300, and | Maria earns $180, and
Jose earns $40.
Jose earns $280.
Jose earns $150.
If Jose charges $8, then Maria's best price would be
and
she would earn
$4; $180
O $4; $300
O $8; $200
$8; $50
Janice really likes potatoes. Potatoes cost $1.10 per pound, and she has $6.00 that she could possibly spend on potatoes or other
items. Suppose she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth
$1.05, and all subsequent pounds are worth $0.30.
Instructions: Enter your answers as whole numbers.
a. How many pounds of potatoes will she purchase?
pound(s) of potatoes
b. What if she only had $3.00 to spend?
pound(s) of potatoes
Chapter 2 Solutions
Macroeconomics (12th Edition) (Pearson Series in Economics)
Ch. 2.1 - Prob. 1RQCh. 2.1 - Prob. 2RQCh. 2.1 - Prob. 3RQCh. 2.1 - Prob. 4RQCh. 2.1 - Prob. 5RQCh. 2.1 - Prob. 6RQCh. 2.2 - Prob. 1RQCh. 2.2 - Prob. 2RQCh. 2.2 - Prob. 3RQCh. 2.2 - Prob. 4RQ
Ch. 2.2 - Prob. 5RQCh. 2.3 - Prob. 1RQCh. 2.3 - Prob. 2RQCh. 2.3 - Prob. 3RQCh. 2.3 - Prob. 4RQCh. 2.3 - Prob. 5RQCh. 2.4 - Prob. 1RQCh. 2.4 - Prob. 2RQCh. 2.4 - Prob. 3RQCh. 2.4 - Prob. 4RQCh. 2.4 - Prob. 5RQCh. 2.5 - Prob. 1RQCh. 2.5 - Prob. 2RQCh. 2.5 - Prob. 3RQCh. 2 - Prob. 1SPACh. 2 - Prob. 2SPACh. 2 - Prob. 3SPACh. 2 - Prob. 4SPACh. 2 - Prob. 5SPACh. 2 - Prob. 6SPACh. 2 - Prob. 7SPACh. 2 - Prob. 8SPACh. 2 - Prob. 9SPACh. 2 - Prob. 10SPACh. 2 - Prob. 11APACh. 2 - Prob. 12APACh. 2 - Prob. 13APACh. 2 - Prob. 14APACh. 2 - Prob. 15APACh. 2 - Prob. 16APACh. 2 - Prob. 17APACh. 2 - Prob. 18APACh. 2 - Prob. 19APACh. 2 - Prob. 20APACh. 2 - Prob. 21APACh. 2 - Prob. 22APACh. 2 - Prob. 23APACh. 2 - Prob. 24APACh. 2 - Prob. 25APA
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