Adam Has a Monthly Income of $20 That Can Be

question 116

Multiple Choice

Adam has a monthly income of $20 that can be spent on books (B) and pencils (P) .The price of a book is $5 and the price of a pencil is $0.50.The equation for Adam's daily budget constraint can be written as:

• A) 5(B)+ 0.50(P)  20.
• B) 0.50(B)+ 5(P)  20.
• C) 20(B)+ 0.50(P)  5.
• D) 0.50(B)+ 20(P)  5.

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Unhealthy Dinner

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