Assume Josiah's Budget Constraint Is Represented in the Graph Shown

question 36

Multiple Choice

Assume Josiah's budget constraint is represented in the graph shown. If Josiah's income is $36, what are the prices of these two goods?

• A)Soda costs $3 per case and milk costs $4 a gallon.
• B)Soda costs $4 per case and milk costs $3 a gallon.
• C)Soda costs $12 per case and milk costs $9 a gallon.
• D)Soda costs $6 per case and milk costs $3 a gallon.

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Definitions:

Value

The importance, worth, or usefulness of something, often considered in terms of tangible and intangible benefits.

Biodiversity

The assorted types of organisms found on Earth or within a distinct ecosystem or environment.

Ecosystems

Groups of living beings together with abiotic elements of their surroundings, functioning collectively as a cohesive unit.

Composition

The constitution or structure of something; in environmental context, it could refer to the make-up of ecosystems, pollution, or materials.