Multiple Choice
-Suppose that Dave has $200 to spend per week and he buys only magazines and pizza. The price of a pizza is $10 and the price of a magazine is $5. What is Dave's real income in terms of magazines?
A) 20
B) 40
C) 200
D) 10
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q169: What is the relationship between the income
Q170: If all prices fall by 5 percent
Q171: If units of pizza are plotted on
Q172: Indifference curves are drawn on a diagram
Q173: If Sam has $80.00 each week to
Q175: Why do consumers prefer higher indifference curves
Q176: At the best affordable point, consumers equate
Q177: If two goods are complements, then their<br>A)
Q178: A decrease in price allows a consumer
Q179: Which of the following statements best describes