Chapter One and Appe C Chegg Study | Guided S Gmicroec defini: x-6 ma cr s defin
ID: 1136389 • Letter: C
Question
Chapter One and Appe C Chegg Study | Guided S Gmicroec defini: x-6 ma cr s defini X html h Dash and Appendix Homework Help Save Janice really likes potatoes. Potatoes cost $1.10 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. Suppose she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.05, and all subsequent pounds are worth $0.30 Instructions: Enter your answers as whole numbers a. How many pounds of potatoes will she purchase? pounds) of potatoes b. What if she only had $2.00 to spend? Iproundtsy of ree PrevExplanation / Answer
Answer
2 pounds
She will purchase up to she has the money or the willingness to pay is higher than the price
In the first case
her willingness to pay is higher than the price for the first two pounds than its decreases so she will purchase 2 pounds of potatoes because she has enough money to buy it.
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1 pound
in second case she wants to purchases two but she doesn't have money so she will purchase 1 pound