Ted Has $600 a Week to Spend on Clothing (C)

question 153

Multiple Choice

Ted has $600 a week to spend on clothing (c) and food (f) . The price of clothing is $30 and the price of food is $5. What is the equation for Ted's budget constraint, assuming he spends his entire budget?

• A) $30 × Clothing + $5 × Food < $600
• B) $30 × Clothing + $5 × Food ≤ $600
• C) $30 × Clothing + $5 × Food > $600
• D) $30 × Clothing + $5 × Food = $600

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