Business, 21.02.2020 21:26 natalie2sheffield
George has a weekly income (I) of $50, which he uses to purchase doughnuts (D) and coffee (C). If the price of a doughnut is $1 and the price of coffee is $2.50, which of the following consumption bundles lies BEYOND George's budget constraint?
a. 10C and 25D
b. 15C and 15D
c. 5C and 10D
d. 5C and 5D
Answers: 2
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George has a weekly income (I) of $50, which he uses to purchase doughnuts (D) and coffee (C). If th...
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