Asked by Jackson Lukens on Jul 30, 2024
Verified
Edmund must pay $6 each for punk rock video cassettes.If Edmund is paid $18 per sack for accepting garbage and if his relatives send him an allowance of $108, then his budget line is described by the equation
A) 6V 18G 108.
B) 6V 108 G.
C) 6V 18G 108.
D) 6V 18G.
E) None of the above.
Budget Line
A visual depiction of all the different combinations of two products that can be bought given certain prices and a specific income level.
Punk Rock
A genre of music that emerged in the 1970s, characterized by fast, hard-edged music and attitudes of rebellion and anti-establishment.
Video Cassettes
Analog storage media used to record and playback video content on VCRs (Video Cassette Recorders).
- Recognize the framework of a budget limit and the calculation methods for the choices of products that can be bought within an established budgetary allocation.
- Utilize numeracy skills to address difficulties tied to budget caps and the ability to make purchases.
Verified Answer
SG
Shelby GarnerJul 30, 2024
Final Answer :
C
Explanation :
Let V be the number of punk rock video cassettes he buys and G be the number of sacks of garbage he accepts.
His total income is the sum of his earnings and his allowance:
Total income = 18G + 108.
His total expenditure on video cassettes is given by:
Expenditure = 6V.
His budget constraint is therefore:
18G + 108 = 6V,
which can be rearranged as:
6V - 18G = 108.
This is the equation described in choice C.
His total income is the sum of his earnings and his allowance:
Total income = 18G + 108.
His total expenditure on video cassettes is given by:
Expenditure = 6V.
His budget constraint is therefore:
18G + 108 = 6V,
which can be rearranged as:
6V - 18G = 108.
This is the equation described in choice C.
Learning Objectives
- Recognize the framework of a budget limit and the calculation methods for the choices of products that can be bought within an established budgetary allocation.
- Utilize numeracy skills to address difficulties tied to budget caps and the ability to make purchases.