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Refer to the Accompanying Table

question 91

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Refer to the accompanying table. If the price of a t-shirt is $6 and the price of a sweater is $80, then the rational spending rule is satisfied when the consumer purchases ________ t-shirts and ________ sweaters.  
Refer to the accompanying table. If the price of a t-shirt is $6 and the price of a sweater is $80, then the rational spending rule is satisfied when the consumer purchases ________ t-shirts and ________ sweaters.     A) 4; 3 B) 3; 4 C) 4; 4 D) 4; 1


Definitions:

Beneficiaries

Individuals or groups who receive benefits, typically from a trust, insurance policy, or government program.

External Costs

Costs of a transaction or activity that affect people other than those directly involved in the transaction, not accounted for in the market price.

Competitive Market

A market structure characterized by a large number of firms competing against each other, leading to efficient prices and products.

Resources

Assets, materials, and inputs needed to produce goods and services.

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