If Abishag Owns 16 Quinces and 15 Kumquats and If

question 39

Multiple Choice

If Abishag owns 16 quinces and 15 kumquats and if the price of kumquats is 4 times the price of quinces, how many kumquats can she afford if she buys as many kumquats as she can?

• A)38
• B)31
• C)15
• D)19
• E)16

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Definitions:

Total Revenue

The overall amount of money generated by a business from the sale of goods or services, calculated as the unit price times the quantity sold.

Resource Pricing

The determination of the price for natural resources, influenced by factors such as scarcity, demand, and regulatory policies.

Money Incomes

The total amount of money earnings received by an individual or group before any deductions.

Marginal Product

The additional output that is produced by adding one more unit of a specific input, keeping all other inputs constant.