Question

Peter consumes two commodities: cups of long black coffee and cups of flat white coffee. His monthly budget for coffee is described by the equation 5x + 30y = 300, where x is cups of long black and y is cups of flat white. Peter considers 2 cups of long black to be perfect substitutes for 6 cups of flat white.

Group of answer choices

Peter will consume 12 cups of long black per month.

Peter will consume 10 cups of flat white per month.

Peter will consume 60 cups of long black per month.

Peter is indifferent between any two bundles that use up his entire budget for coffee.

Peter will consume 14 cups of flat white per month.

Answer 1

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