A Consumer Buys Coffee (C) for $3 Each and Bagels

question 44

Essay

A consumer buys coffee (C) for $3 each and bagels (B) for $1.50 each. She has income of $40. If the coffee shop limits the number of bagels that a customer may purchase to 6, what is the equation of her budget constraint?

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Definitions:

Reasonable Risk

Reasonable risk involves a risk level that a prudent person would consider acceptable in order to achieve a specific benefit or goal.

Battery

In legal terms, an intentional unconsented-to physical contact or harm caused by one person to another.

Assault

An act creating a fear in another person of imminent harmful or offensive contact.

Intrusion

Unauthorized or unwanted entry into another person’s space, privacy, or affairs.