Assume That Dusty Has $30 in Income,the Price of a Loaf

question 57

Multiple Choice

Assume that Dusty has $30 in income,the price of a loaf of bread is $1.50,and the price of a jar of peanut butter is $3.
Suppose that at the original income of $30 the price of a loaf of bread decreased to $1.00 and the price of a jar of peanut butter increased to $5.Dusty can buy a maximum of _____ loaves of bread or a maximum of _____ jars of peanut butter.

• A)20,5
• B)5,20
• C)30,6
• D)6,30

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Definitions:

Conjunction Fallacy

A logical fallacy where people incorrectly judge the probability of the conjunction of two events to be more likely than the probability of either event alone.

Gambler's Fallacy

A cognitive bias where an individual erroneously believes that past events will affect the likelihood of future independent events, often seen in probability contexts.

Bilingualism

The ability to fluently speak two languages.

Smaller Vocabularies

A limited set of words known and used by an individual or group, often associated with language development issues.