Betty has the endowment (8 eggs, 20 yogurts), which she can trade on the market. If the price of eggs is $1.8 per egg and the price of yogurts is $2.7 per yogurt, what is the value of her endowment at market prices? Please round your answer to two decimal places, if necessary.

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter2: Some Tools Of The Economist
Section: Chapter Questions
Problem 15CQ
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Betty has the endowment (8 eggs, 20 yogurts), which she can trade on the market. If the price of eggs is $1.8 per egg and the price of yogurts is $2.7 per yogurt, what is the value of her endowment at market prices?

Please round your answer to two decimal places, if necessary. 

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