Roger consumes no commodities other than Miller Lite and Bud Light. His annual budget for these two commodities is described by the equation 5 x + 25 y = 300, where x is sixpacks of Miller Lite and y is cases of Bud Light. Roger considers 2 cases of Bud Light to be perfect substitutes for 6 sixpacks of Miller Lite. Which of the following is true?
A) He will consume 60 sixpacks of Miller Lite per year.
B) He will consume 10 cases of Bud Light per year.
C) He will consume 14 cases of Bud Light per year.
D) He will consume 12 sixpacks of Miller Lite per year.
E) He is indi erent between anytwo bundles that use up his entire income.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Roger consumes no commodities other than Miller Lite and Bud Light. His annual budget for these two commodities is described by the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
For any competitive market, the supply curve is closely related to the a. firms' costs of production in that market. b. interest rates on government bonds. c. preferences of consumers who purchase products in that market. d.
Answers (1)
An example of a brick and mortar store is
Answers (1)
Your department store receipt says that you pay a 5% sales tax on sports equipment. this sales tax is an example of a
Answers (1)
The owner of a major league baseball team can fire employees for not winning a pennant, have the city build him a new ballpark, and prevent companies that compete against his own team from airing advertisements during the team's televised games.
Answers (1)
Suppose the number of buyers in a market increases and a technological advancement occurs also. What would we expect to happen in the market?
Answers (1)
New Questions in Business
XYZ began operations in 2018. The company reported $128,000 of depreciation expense on its income statement in 2018 and $84,000 in 2019. On its tax returns, the company deducted $192,000 for depreciation in 2018 and $112,000 in 2019.
Answers (1)
Discuss three traditional roles of the board of directors. Also, identify and discuss the most urgent governance issue impacting your team company's board - what are they doing to manage this important issue?
Answers (1)
Which of the following statements comparing the European System of Central Banks and the Federal Reserve System is TRUE?
Answers (1)
What are installment accounts?
Answers (1)
During the last two centuries, after adjustment for inflation, a. corporate bonds have yielded an average annual real return of approximately 7 percent, compared to an average real return of about 3 percent for corporate stocks. b.
Answers (1)