Question : 11) Suppose a consumer has $100 to spend two goods, : 1238710

 

11) Suppose a consumer has $100 to spend on two goods, shoes and shirts. If the price of a pair of shoes is $20 per pair and the price of a shirt is $15 each, which of the following combinations is unaffordable to the consumer?

A) 5 pairs of shoes and 0 shirts

B) 2 pairs of shoes and 4 shirts

C) 0 pairs of shoes and 7 shirts

D) 2 pairs of shoes and 3 shirts

E) 0 pairs of shoes and 0 shirts

 

12) If a consumer has $30 to spend on apples and bananas, where on the apple axis would the consumer’s budget line intersect if the price of apples is $3 a pound?

A) 30 pounds

B) 10 pounds

C) 3 pounds

D) 0 pounds

E) It is impossible to determine with the given information.

13) Timmy makes $100 per week as a taxidermist. He spends all this income to buy pizza and hair gel. The price of a pizza is $10 and the price of a bottle of hair gel is $4. If Timmy buys 5 bottles of hair gel, then he buys ________ pizzas.

A) 10

B) 4

C) 8

D) 20

E) None of the above answers is correct.

 

14) Timmy makes $100 per week as a taxidermist. He spends all this income to buy pizza and hair gel. The price of a pizza is $10 and the price of a bottle of hair gel is $4. If Timmy buys 6 pizzas per week, how many bottles of gel can he purchase?

A) 10

B) 60

C) 20

D) 40

E) None of the above answers is correct.

 

15) Reb earns $1,000 per week as a fishing guide in Texas. With this money he buys fishing lures and steaks. Lures cost $5 each, steaks cost $10 each. With this level of income, which consumption points are not possible?

A) 200 lures, 0 steaks

B) 100 lures, 60 steaks

C) 80 lures, 20 steaks

D) 0 lures, 50 steaks

E) 50 lures, 50 steaks

16) Reb earns $1,000 per week as a fishing guide in Texas. With this money he buys fishing lures and steaks. Lures cost $5 each, steaks cost $10 each. If Reb purchases 124 lures per week, how many steaks can he buy?

A) 620

B) 38

C) 123

D) 380

E) 100

 

17) Sarah earns $500 per week selling baskets made out of tree vines. With this money she buys sushi and rose bushes. Each piece of sushi costs $1 and each rose bush costs $10. If Sarah spends $170 per week on sushi, the maximum quantity of rose bushes can she buy each week is ________ bushes.

A) 33

B) 330

C) 3

D) 17

E) None of the above answers is correct.

 

 

18) Susan can watch movies or attend plays. The table above gives combinations of movies and plays that are on her budget line. If the price of a movie is $10, then her budget for movies and plays is

A) $10 per month.

B) $50 per month.

C) $60 per month.

D) $120 per month.

E) unknown from the information.

19) The figure above shows Sarah’s budget line. Sarah earns $500 per week selling baskets made out of tree vines. With this money she buys sushi and rose bushes. Each piece of sushi costs $1 and each rose bush costs $10. Sarah will be at what point on her budget line if she spends $200 per week on sushi?

A) Point a

B) Point b

C) Point c

D) Point d

E) Point f

 

20) The figure above shows Sarah’s budget line. Sarah earns $500 per week selling baskets made out of tree vines. With this money she buys sushi and rose bushes. Each piece of sushi costs $1 and each rose bush costs $10. Sarah will be at what point on her budget line if she spends $500 per week on rose bushes?

A) Point a

B) Point b

C) Point c

D) Point f

E) Point e

 

 

 

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