Assume That a Combination of 10 Bottles of Wine and 2

question 186

Multiple Choice

Assume that a combination of 10 bottles of wine and 2 cartons of milk lies on a consumer's budget constraint.If the price of one bottle of wine is $10 and the price of one carton of milk is $1,what is the consumer's income?

• A) $100
• B) $20
• C) $120
• D) $102

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