Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 1SCQ: Jeremy is deeply in love with Jasmine. Jasmine lives where cell phone coverage is poor, so he can...
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![Question 16
The following graph illustrates Tom's preferences for pizza slices and tacos in a given week:
Figure 3-1
Quantity of
Pizza Slices
20
10
18
17
16-
10 12 14 16 18 20
Quantity
ofTacos
Refer to Figure 3-1. Assume that Tom has an income of $100 per week, the price of a slice of pizza is $5, and the price of a taco is also $5. If Tom
optimizes his purchases, he will choose to purchase which bundle of pizza slices and tacos?
(Hint, consider which budget constraint Tom is on.)
O A
OB
OC
O
O
111111000
14
IGN=](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8609955d-7ccc-4c15-84b9-8a22d8a09ec7%2F705109ba-06df-406f-a0c8-896516957ad2%2F89np7ja_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 16
The following graph illustrates Tom's preferences for pizza slices and tacos in a given week:
Figure 3-1
Quantity of
Pizza Slices
20
10
18
17
16-
10 12 14 16 18 20
Quantity
ofTacos
Refer to Figure 3-1. Assume that Tom has an income of $100 per week, the price of a slice of pizza is $5, and the price of a taco is also $5. If Tom
optimizes his purchases, he will choose to purchase which bundle of pizza slices and tacos?
(Hint, consider which budget constraint Tom is on.)
O A
OB
OC
O
O
111111000
14
IGN=
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