Joe's Budget Constraint Equals 500 = 2F + 100S, Where

question 50

Multiple Choice

Joe's budget constraint equals 500 = 2F + 100S, where $500 is Joe's income, $2 is the price of food (F, y-axis) and $100 is the price of shelter (S, x-axis) . How much food can Joe buy if he buys one unit of shelter?

• A)2 units
• B)200 units
• C)250 units
• D)400 units

---

Definitions:

E-money

Digital form of currency that can be used to make transactions electronically.

Virtual Cash

Digital or electronic money used for online transactions, not physically tangible.

Electronic Impulses

Electrical signals used in the transmission or processing of data in various technologies and devices.

Forge's Indorsement

Fabricating or illegally replicating someone's endorsement or signature, often with fraudulent intent. This key-term seems incorrect; assuming it refers to "Forged Endorsement."