Beth has $200 of income to spend on e-books (E), priced at $10 per book, and Zumba (Z) classes, priced at $8 per class. Which of the following consumption bundles is infeasible?

Question

BlackTom AI · Accepted Answer

The question presents Beth's budget: income 200, with E priced at 10 and Z priced at 8. A consumption bundle is infeasible if it costs more than 200.

Option analyzed: E = 10 and Z = 13. The total expenditure would be 10*(E) + 8*(Z) = 10*10 + 8*13 = 100 + 104 = 204. Since 204 > 200, this bundle cannot be afforded with Beth's income; it is infeasible.

For comparison, any feasible bundle must satisfy the budget constraint 10E + 8Z ≤ 200. For example, E = 20, Z = 0 costs 200 and is feasible, and E = 0, Z = 25 costs 200 and is feasible. These show how the constraint operates and why a higher-cost combination like E = 10, Z = 13 exceeds the budget.

Note on the absence of other answer options: the provided data includes only one option to evaluate. If additional options were present, each would be assessed against the same budget equation 10E + 8Z ≤ 200 to determine feasibility; any option with a total cost above 200 would be infeasible, whereas options with total cost 200 or less would be feasible.

ECON3200001.1251 Quiz 4: Budget Constraints

Beth has $200 of income to spend on e-books (E), priced at $10 per book, and Zumba (Z) classes, priced at $8 per class. Which of the following consumption bundles is infeasible?

查看解析

登录即可查看完整答案

类似问题

Why do people need to make economic choices?

Combinations to the left of the budget line are

[Continuation of question 13] If the price of food doubles to $2 per unit, the price of other goods remains at $1, and Tom's income increases to $150, would Tom still afford the original optimal basket of question 1 (x = 50 and y = 50)?

Lisa's optimal basket cannot be to the South West of her budget line

The budget line:

For a consumer with an average income, the Blank ______ is greater than for a consumer with a high income. BlackTom题目解析

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单