Miss Muffet insists on consuming 2 units of whey per 1 unit of curds.If the price of curds is $5 and the price of whey is $3, then if Miss Muffet's income is m, her demand for curds will be
A)m/5.
B)3m/5.
C)5c + 3w = m.
D)5m.
E)m/11.

Question

Quizplus · Accepted Answer

Miss Muffet's consumption pattern requires her to spend $3 on whey for every $5 she spends on curds, making the total expenditure for one "bundle" of curds and whey $8 ($5 for curds + $3 for whey). Since she spends her entire income, m, on these bundles, the amount she can spend on curds is 5/8 of her income. Therefore, her demand for curds is m divided by the total cost of one bundle, which is m/8, but specifically for curds, it's (5/8)m, which simplifies to m/11 when considering the proportion of her income spent on both curds and whey together.

Miss Muffet Insists on Consuming 2 Units of Whey Per