-Rick's Income Is $54 a Week and He Spends All

question 3

Multiple Choice

-Rick's income is $54 a week and he spends all of it on CDs and sandwiches. The price of a CD is $6 and the price of a sandwich is $3. The figure above illustrates Rick's preferences. What is Rick's best affordable combination of CDs and sandwiches?

• A) 3 CDs and 12 sandwiches a week
• B) 4 CDs and 10 sandwiches a week
• C) 6 CDs and 12 sandwiches a week
• D) 8 CD and 2 sandwiches a week

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Definitions:

Sellers

Individuals or entities that offer products or services for sale to consumers or other businesses.

Unilateral Contracts

A contract in which one party makes a promise in exchange for an act by another party, which if performed, binds the offeror to the contract.

Invitations

Offers or calls to someone to do something or go somewhere, often used in the context of events, meetings, or parties.

Advertisements

Public notices promoting products, services, or events through various media channels to attract consumer attention and generate sales.