Twenty Years Ago, Dmitri Consumed Bread Which Cost Him 10

question 13

Multiple Choice

Twenty years ago, Dmitri consumed bread which cost him 10 kopeks a loaf and potatoes which cost him 18 kopeks a sack.With his income of 230 kopeks, he bought 5 loaves of bread and 10 sacks of potatoes.Today he has an income of 400 kopeks.Bread now costs him 20 kopeks a loaf and potatoes cost him 25 kopeks a sack.Assuming his preferences haven't changed (and the sizes of loaves and sacks haven't changed) , when was he better off?

• A)He was equally well off in the two periods.
• B)He is better off today.
• C)He was better off 20 years ago.
• D)From the information given here, we are unable to tell.
• E)None of the above.

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