Asked by Melissa Wilkerson on Jul 09, 2024
Verified
if Abishag owned 10 quinces and 10 kumquats and if the price of kumquats is 2 times the price of quinces, how many kumquats could she afford if she spent all of her money on kumquats?
A) 10
B) 15
C) 20
D) 30
E) 12
Quinces
A yellow fruit that is similar to a pear in shape and is often used in cooking or making preserves due to its tart flavor.
Kumquats
Small, edible fruit resembling oranges with a sweet rind and tart flesh, often eaten whole or used in culinary dishes.
- Apply the concept of budget constraints to personal finance decisions.
- Utilize mathematical tools to solve optimization problems in economics.
Verified Answer
AW
Ayana WashingtonJul 13, 2024
Final Answer :
B
Explanation :
Let's assume that the price of quince is $1. Therefore, the price of kumquat will be $2 because it is 2 times the price of quince.
Now, Abishag has a total of $20 (10 quinces x $1 per quince + 10 kumquats x $2 per kumquat).
If she spends all her money on kumquats, she can buy a maximum of 10 kumquats ($20/$2 per kumquat).
Therefore, the correct answer is B) 15, as it is not possible to buy 30 kumquats with $20.
Now, Abishag has a total of $20 (10 quinces x $1 per quince + 10 kumquats x $2 per kumquat).
If she spends all her money on kumquats, she can buy a maximum of 10 kumquats ($20/$2 per kumquat).
Therefore, the correct answer is B) 15, as it is not possible to buy 30 kumquats with $20.
Learning Objectives
- Apply the concept of budget constraints to personal finance decisions.
- Utilize mathematical tools to solve optimization problems in economics.