A Consumer Is Currently Spending All of Her Available Income

question 184

Multiple Choice

A consumer is currently spending all of her available income on two goods: music CDs and DVDs. At her current consumption bundle, she is spending twice as much on CDs as she is on DVDs. If the consumer has $120 of income and is consuming 10 CDs and 2 DVDs, what is the price of a CD?

• A)$4
• B)$8
• C)$12
• D)$20

---

Definitions:

Data Type

A category of data specifying the kind of value a variable can hold, such as integer, floating-point, char, etc., in programming.

Edit Tag

In programming and databases, modifying the identifier or name of a variable, element, or object.

CLX Controller

A type of programmable logic controller (PLC) designed and manufactured by Rockwell Automation, commonly used for industrial control systems.

Tag Editor

A software tool for creating and managing tags, which are identifiers used in programming environments to reference data.