Casey earns $150 a week and consumes only fish and shrimp. The price of fish is $3 a pound and the price of shrimp is $5 a pound. If Casey's income rises to $210, he could buy a maximum of ________ pounds of fish or a maximum of ________ pounds of shrimp.
A. 42; 70
B. 70; 42
C. 24; 30
D. 30; 24
Answer: B
You might also like to view...
In 2011 Buckeye Brewing produced 1,000 bottles of ginger ale each day. It employed 10 workers each working 8 hours a day. In 2012 it produced 960 bottles of ginger ale each day employing 8 workers who worked 8 hours each day. Productivity at Buckeye Brewing
a. increased by 20%. b. increased by 16.67%. c. decreased by 1.67%. d. decreased by 40%.
In February of 2015, there were 157 million people in the labor force, 8.6 million of whom were unemployed. The unemployment rate in February 2015 was:
A. 5.8%. B. 6.4%. C. 8.6%. D. 5.5%.
Of the following demographic groups in the United States, which is least likely to be poor?
a. female headed households with no husband present b. African-American households c. full-time workers d. part-time workers
How can we anticipate the proportion of a newly imposed unit excise tax that consumers will pay?
A. Consumers will pay most of the tax whenever their demand for the product is very price sensitive. B. Consumers will pay most of the tax whenever their demand for a product is relatively unresponsive to price changes. C. Consumers will always pay 100 percent of an excise tax. D. Since producers always pay 100 percent of an excise tax, we know consumers will not pay any of the tax.