Assume Josiah's budget constraint is represented in the graph shown. If Josiah's income is $36, what are the prices of these two goods?
A)Soda costs $3 per case and milk costs $4 a gallon.
B)Soda costs $4 per case and milk costs $3 a gallon.
C)Soda costs $12 per case and milk costs $9 a gallon.
D)Soda costs $6 per case and milk costs $3 a gallon.

Question

Assume Josiah's budget constraint is represented in the graph shown. If Josiah's income is $36, what are the prices of these two goods?
A)Soda costs $3 per case and milk costs $4 a gallon. 
B)Soda costs $4 per case and milk costs $3 a gallon. 
C)Soda costs $12 per case and milk costs $9 a gallon. 
D)Soda costs $6 per case and milk costs $3 a gallon.

Quizplus · Accepted Answer

The Answer of  Assume Josiah's budget constraint is represented in the graph shown. If Josiah's income is $36, what are the prices of these two goods?
A)Soda costs $3 per case and milk costs $4 a gallon. 
B)Soda costs $4 per case and milk costs $3 a gallon. 
C)Soda costs $12 per case and milk costs $9 a gallon. 
D)Soda costs $6 per case and milk costs $3 a gallon.

Assume Josiah's Budget Constraint Is Represented in the Graph Shown