menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 21: The Theory of Consumer Choice.
  5. Question
    Bill Consumes Two Goods,iced Tea and Spaghetti
Solved

Bill Consumes Two Goods,iced Tea and Spaghetti

Question 448

Question 448

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

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

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines