A Cook Has a Recipe for a Pasta Sauce That

question 24

Short Answer

A cook has a recipe for a pasta sauce that calls for 3/4 cup of chopped onions. One recipe makes enough for six servings. Compute the volume of chopped onions that would be required for fifteen servings. (Hint: That means the cook must prepare 15/6 = 2 1/2 recipes.)​

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Definitions:

Equilibrium

A state in which market supply and demand balance each other, and as a result, prices remain stable.

Market

A place or system where buyers and sellers interact to trade goods, services, or contracts, allowing for the exchange of resources.

Price

The monetary value assigned to the acquisition of a service or good.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.