Peter Consumes No Commodities Other Than Miller Lite and Bud

question 50

Multiple Choice

Peter consumes no commodities other than Miller Lite and Bud Light. His annual budget for these two commodities is described by the equation 5x + 30y = 300, where x is sixpacks of Miller Lite and y is cases of Bud Light. Peter considers 2 cases of Bud Light to be perfect substitutes for 6 sixpacks of Miller Lite.

• A) He will consume 60 sixpacks of Miller Lite per year.
• B) He will consume 10 cases of Bud Light per year.
• C) He will consume 14 cases of Bud Light per year.
• D) He will consume 12 sixpacks of Miller Lite per year.
• E) He is indifferent between any two bundles that use up his entire income.

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Definitions:

Induced Dipole Bonding

A type of weak intermolecular force that arises when the presence of a polar molecule induces a dipole in a nonpolar molecule.

Hydrogen Bonding

A type of weak chemical bond that occurs when a hydrogen atom covalently bonded to a highly electronegative atom, such as oxygen or nitrogen, experiences attraction to another electronegative atom.

Hemoglobin

Hemoglobin is a protein in red blood cells that carries oxygen from the lungs to the body's tissues and returns carbon dioxide from the tissues back to the lungs.

Secondary Structure

The local folded structures that form within a polypeptide due to interactions between atoms in the backbone, typically alpha-helices and beta-sheets.