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15 March, 20:52

A consumer lives on a diet of solely steak and potatoes. Her budget is $30 for every 10 days and she must buy enough potatoes to eat at least 2 potatoes per day. If a potato costs $0.50 and the price of a steak is $10. How much will the consumer purchase of each good?

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  1. 15 March, 22:31
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    Total = 20 potatoes + 2 steaks

    Explanation:

    Giving the following information:

    Her budget is $30 for every 10 days and she must buy enough potatoes to eat at least 2 potatoes per day. If a potato costs $0.50 and the price of a steak is $10.

    2 potatoes a day = 0.5*2 = 1

    Consumption of potatoes = 10 days*$1 = $10

    Consumption of steak = 30 - 10 = 20/10 = 2 steaks.

    Total = 20 potatoes + 2 steaks
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