Hector has $1,000 a month to spend on clothing and food. The price of clothing is $50 and the price of food is $20. What is the equation for Hector's budget constraint?
A. Clothing + Food < $1,000
B. $50 × Clothing + $20 × Food = $1,000
C. $50 × Clothing + $20 × Food ? $1,000
D. ($50 × Clothing) / ($20 × Food) = $1,000
Answer: B
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