Sonia has $2,400 a month to spend on clothing and food. The price of clothing is $60 and the price of food is $10. The clothing and food pairs in Sonia's choice set include ________ units of clothing and ________ units of food.

A. 40; 100
B. 0; 400
C. 30; 140
D. 20; 120


Answer: D

Economics

You might also like to view...

Define the "consumption function."

What will be an ideal response?

Economics

A closed economy is characterized by

A) the absence of trade with other economies. B) the absence of use of money for transactions. C) no growth in population. D) a Cobb-Douglas production function.

Economics

The best example of an economic goal of a firm is

A) providing good products/services to its customers. B) improving its public image. C) increasing employee morale. D) increasing shareholder wealth.

Economics

Which of the following is most likely a fixed cost?

A. The labor on an automotive assembly line. B. The electricity used to run packaging equipment. C. The rent for a factory. D. The material used to make jackets.

Economics