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Joe's Budget Constraint Equals 500 = 2F + 100S,where $500

Question 123

Multiple Choice

Joe's budget constraint equals 500 = 2F + 100S,where $500 is Joe's income,$2 is the price of food (F) and $100 is the price of shelter (S) .How much food can Joe buy if he buys one unit of shelter?


A) two units
B) 200 units
C) 250 units
D) 400 units

Correct Answer:

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