Solve the Problem. -Shaundra Has $4.20 to Make a Long Distance Call at Distance

question 56

Multiple Choice

Solve the problem.
-Shaundra has $4.20 to make a long distance call at a pay phone.The rates listed on the phone for a long distance call are $1.70 for the first three minutes and $0.25 for each additional minute or portion of a minute. Find the
Maximum number of minutes Shaundra can stay on the line.

• A) 17 minutes
• B) 2 minutes
• C) 10 minutes
• D) 13 minutes

---

Definitions:

Price of a Book

The amount of money required to purchase a book, determined by factors like demand, production costs, and publisher pricing strategies.

Indifference Curves

Graphical representations that show combinations of two goods among which a consumer is indifferent, meaning each combination gives the consumer the same satisfaction or utility.

Budget Constraints

The limitations on the consumption bundles that a consumer can afford, given their income and the prices of goods and services.

Relative Prices

The price of one good or service compared to another, usually expressed as a ratio.