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    Principles of Microeconomics Study Set 10
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    Exam 21: The Theory of Consumer Choice
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    Scenario 21-4 Frank Spends All of His Income of $240
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Scenario 21-4 Frank Spends All of His Income of $240

Question 366

Question 366

Short Answer

Scenario 21-4 Frank spends all of his income of $240 per month on shirts and hats. The price of a shirt is $40 and the price of a hat is $30.
-Refer to Scenario 21-4. If Frank uses all of his income to buy hats during a certain month, then how many hats does he buy?

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Frank buys...

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