Figure 21-6
-Refer to Figure 21-6. Suppose a consumer has $200 in income, the price of popcorn is $1, and the price of Mt. Dew is $2. What is the value of B?
A)200
B)100
C)50
D)25

Question

Figure 21-6 
-Refer to Figure 21-6. Suppose a consumer has $200 in income, the price of popcorn is $1, and the price of Mt. Dew is $2. What is the value of B?
A)200 
B)100 
C)50 
D)25

Quizplus · Accepted Answer

The value of B represents the maximum quantity of Mt. Dew the consumer can purchase with their $200 income. Since Mt. Dew costs $2, the consumer can buy $200 / $2 = 100 units of Mt. Dew.

Figure 21-6 -Refer to Figure 21-6. Suppose a Consumer Has $200 in Has