Economics:
Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
Question
Please correct answer and don't use hand rating
Jackson consumes bananas and mangos. He receives an income of $14 per week to spend on these two goods. The price of a
banana is $1, and the price of a mango is $2.
Part 1: If Jackson consumes 0 bananas per week, how many mangos can he afford per week?
Answer: 14/2=7 mangos per week
Part 2: If Jackson consumes 4 bananas per week, how many mangos can he afford per week?
Answer: 4(1)=$4 -> 14-4-10 -> 10/2-5 mangos per week
Part 3: If Jackson consumes 8 bananas per week, how many mangos can he afford per week?
Answer: 8(1)-8 -> 14-8=6 -> 6/2-3 mangos a week
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Transcribed Image Text:Jackson consumes bananas and mangos. He receives an income of $14 per week to spend on these two goods. The price of a banana is $1, and the price of a mango is $2. Part 1: If Jackson consumes 0 bananas per week, how many mangos can he afford per week? Answer: 14/2=7 mangos per week Part 2: If Jackson consumes 4 bananas per week, how many mangos can he afford per week? Answer: 4(1)=$4 -> 14-4-10 -> 10/2-5 mangos per week Part 3: If Jackson consumes 8 bananas per week, how many mangos can he afford per week? Answer: 8(1)-8 -> 14-8=6 -> 6/2-3 mangos a week
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