Marie has a weekly budget of $24, which she likes to spend on magazines and pies. If the price of a pie is $12, what is the maximum number of pies she could buy in a week?

a. If the price of a magazine is $4 each, what is the maximum number of magazines she could buy in a week?

6 magazines

b. If the price of a pie is $12, what is the maximum number of pies she could buy in a week?

2 pies

c. What is Marie's opportunity cost of purchasing a pie?

3 magazines

Explanation:

Marie's weekly budget = $24

each magazine costs $4, total amount of magazines that can be purchased per week = $24 / $4 = 6 magazines

each pie costs $12, total amount of pies that can be purchased per week = $24 / $12 = 2 pies

Marie's opportunity cost of purchasing one pie = $12 / $4 = 3 magazines

2

Explanation:

2*12=24