Multiple Choice
In the economy of Mungo,there is a third person called Ike.Ike has a red income of 90 and a blue income of 25.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 15 units of ambrosia.
B) at least 15 units of bubble gum.
C) at least 10 units of bubble gum.
D) exactly twice as much bubble gum as ambrosia.
E) equal amounts of ambrosia and bubble gum.
Correct Answer:

Verified
Correct Answer:
Verified
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