Multiple Choice
In the economy of Mungo, there is a third person called Ike.Ike has a red income of 104 and a blue income of 30.Recall that blue prices are 1 bcu (blue currency unit) per unit of ambrosia and 1 bcu per unit of bubble gum.Red prices are 2 rcus (red currency units) per unit of ambrosia and 6 rcus per unit of bubble gum.You have to pay twice for what you buy, once in red currency, once in blue currency.If Ike spends all of his blue income but not all of his red income, he must consume
A) at least 19 units of ambrosia.
B) at least 11 units of bubble gum.
C) exactly twice as much bubble gum as ambrosia.
D) at least 21 units of bubble gum.
E) equal amounts of ambrosia and bubble gum.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: if you have an income of $18
Q6: Murphy used to consume 100 units of
Q8: Edmund must pay $6 each for punk
Q9: In the economy of Mungo, there is
Q11: if you could exactly afford either 4
Q12: if you could exactly afford either 2
Q13: ads in the boring business magazine are
Q14: if in the same amount of time
Q15: if you have an income of $80
Q21: if in the same amount of time