Mary Bought Pound of Two Sorts of Cookies for $1

question 13

Multiple Choice

Mary bought pound of two sorts of cookies for $1 per pound. If cookie with apricot jam $0.90 per pound and cookies with lemon jam $1.20 per pound, how many pounds of cookies with apricot jam did she buy? NOTE: Round your answer to the nearest tenth.

• A) 0.7 lb. of cookies with apricot jam
• B) 0.8 lb. of cookies with apricot jam
• C) 0.5 lb. of cookies with apricot jam
• D) 0.6 lb. of cookies with apricot jam
• E) 0.9 lb. of cookies with apricot jam

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Definitions:

Private Sector

The part of the economy owned and operated by individuals and corporations for profit, as opposed to being controlled by the government.

Public Sector

The part of the economy composed of both public services and public enterprises, funded and operated by the government.

Inefficient

refers to the suboptimal allocation or use of resources in a way that does not maximize potential output or outcomes.

Voting Paradox

is a situation in social choice theory where collective preferences can be cyclic (A is preferred to B, B is preferred to C, and C is preferred to A), despite the individual preferences being consistent.