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    Exam 12: Consumer Choices and Constraints
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    Mary Has $10 to Spend Each Week on Coffee, Qc
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Mary Has $10 to Spend Each Week on Coffee, Qc

Question 46

Question 46

Multiple Choice

Mary has $10 to spend each week on coffee, Qc and magazines, Qm. The price of a coffee is $1, and the price of a magazine is $2. Mary's budget equation is _______.


A) Qm = 10 - 2 × Qc
B) Qm + Qc = 20
C) Qm = 10 - Qc
D) $1 × Qc + $2 × Qm = $10

Correct Answer:

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