Multiple Choice
Assume that a consumer has a given budget or income of $12 and that she can buy only two goods, apples or bananas. The price of an apple is $1.50 and the price of a banana is $0.75. If the consumer decides to buy 4 apples, how many bananas can she also buy with the remainder of her budget, assuming she exhausts her income?
A) 8 bananas
B) 4 bananas
C) 6 bananas
D) 10 bananas
Correct Answer:
Verified
Correct Answer:
Verified
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