Multiple Choice
George has a weekly income (I) of $50, which he uses to purchase doughnuts (D) and coffee (C) . If the price of a doughnut is $1 and the price of coffee is $2.50, his budget constraint can be expressed as:
A) D = 50 + 2.50C.
B) D = 50 - 25C.
C) D = 50 - 0.25C.
D) D = 50 - 2.50C.
Correct Answer:
Verified
Correct Answer:
Verified
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