Question

Sophie consumes two goods, pickles and Red Bull. Jars of pickles cost $4 and Red Bull is $2 per can. Sophie has discovered that in a given week, she can buy 20 jars of pickles and 20 cans of Red Bull and exactly exhaust her budget. If she instead decides to spend her entire income on pickles, how many jars can she buy?

Answer 1

Cost of Pickle jar $ 4 per jar

Cost of Red Bull is $ 2 per can

Week Demand: 20 jars of Pickles and 20 cans of Red bull

Therefore, Total amount of spending: 20 jars of Pickles@4 + 20 cans of Red bull @$2 = 80+ 40 = $120

As with above spending, th eperson is totally exhausted, therefore, his income is $ 120 per week

Now, if he decided to spend eentire money on Pickles, then the maximum of Pickles jar he can buy is:

Number of Pickles Jars : Total amount of Income / Cost per jar of Pickle = $ 120 / $4 per jar = 30 jars of Pickles