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

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Definitions:

Assembly Languages

Low-level programming languages which are closely related to machine code, but use symbolic code to represent operations and addresses.

Second-Generation

Refers to the second iteration or version of a product or technology, often bringing improvements over the first generation.

Bottom-Up Design

A design strategy that starts with creating small parts or components and then integrates them into larger systems.

High-Level Tasks

Complex or abstract activities that require significant planning, thinking, or problem-solving skills, typically involving multiple steps or decisions.