Multiple Choice
Twenty years ago, Dmitri consumed bread which cost him 10 kopeks a loaf and potatoes which cost him 20 kopeks a sack.With his income of 330 kopeks, he bought 9 loaves of bread and 12 sacks of potatoes.Today he has an income of 452 kopeks.Bread now costs him 22 kopeks a loaf and potatoes cost him 17 kopeks a sack.Assuming his preferences haven't changed (and the sizes of loaves and sacks haven't changed) , when was he better off?
A) He was better off 20 years ago.
B) He is better off today.
C) He was equally well off in the two periods.
D) From the information given here, we are unable to tell.
E) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
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