Multiple Choice
Bill consumes two goods,iced tea and spaghetti.The price of iced tea is $4 per bottle,and the price of spaghetti is $6 per serving.His income is $1,000 per month.He spends all his income each month.He purchases 100 bottles of iced tea.How many servings of spaghetti can he purchase?
A) 250
B) 166.67
C) 100
D) 10
Correct Answer:

Verified
Correct Answer:
Verified
Q70: A worker with a backward-bending labor supply
Q90: Suppose a consumer has an income of
Q147: The marginal rate of substitution between two
Q167: Figure 21-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-9
Q378: Figure 21-12 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-12
Q441: If the price of a good increases,
Q445: Figure 21-21<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Figure 21-21
Q449: Figure 21-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Figure 21-5
Q451: Angie is maximizing total utility while consuming
Q494: A consumer's preferences for right shoes and