Casey earns $150 a week and consumes only fish and shrimp. The price of fish is $3 a pound and the price of a shrimp is $5 a pound. Casey can buy a maximum of ____________ pounds of fish or a maximum of ___________ pounds of shrimp. a. 30; 50 b. 15; 30 c. 30; 15 d. 50; 30

Casey earns $150 a week and consumes only fish and shrimp. The price of fish is $3 a pound and the price of a shrimp is $5 a pound. Casey can buy a maximum of __ pounds of fish or a maximum of _ pounds of shrimp. a. 30; 50 b. 15; 30 c. 30; 15 d. 50; 30

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter21: The Theory Of Consumer Choice

Section: Chapter Questions

Problem 4CQQ

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Normal and Inferior Goods

Understanding a normal good and an inferior good is important because it tells us what will happen to demand different products during booms and recessions.

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a. 30; 50

b. 15; 30

c. 30; 15

d. 50; 30

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