Suppose the Price of a Pair of Jeans Is $20

question 21

Multiple Choice

Suppose the price of a pair of jeans is $20 and the price of a T-shirt is $10. Suppose further that a consumer can spend a maximum of $100 on T-shirts and jeans. Which of the following is the most affordable bundle for maximizing the consumer's utility?

• A)10 T-shirts and 5 pairs of jeans
• B)2 T-shirts and 4 pairs of jeans
• C)4 T-shirts and 2 pairs of jeans
• D)Only 4 pairs of jeans
• E)5 T-shirts and 10 pairs of jeans

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Definitions:

Tone

The attitude or approach that the writer or speaker takes towards the subject or the audience, often conveyed through word choice and style.

Structure

The arrangement or framework of interconnected elements in a system, organization, or composition.

Business Emails

Electronic mail messages that are used for professional correspondence between individuals in a business context.

Technical Materials

Documentation or resources that contain specialized information or instructions related to a technical field.