Macroeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN: 9781305280601
Author: William J. Baumol, Alan S. Blinder
Publisher: Cengage Learning
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Chapter 3, Problem 4TY
To determine
To graph: the
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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
fast answer
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
Chapter 3 Solutions
Macroeconomics: Principles and Policy (MindTap Course List)
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