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19 November, 22:54

Suppose John has a budget of $82 that he spends on ice cream sundaes (Q1) and coffee (Q2). The price of ice cream sundaes recently increased from $4 per serving to $6 per serving and the price of coffee decreased from $5 to $4 per serving. Using John's budget constraint, if he purchases 7 coffees, how many ice cream sundaes can he purchase?

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  1. 20 November, 02:00
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    The answer is 9 ice cream sundaes.

    Explanation:

    The answer to how many ice cream sundaes that John's budget of $82 is constrained to based on the following data

    New Price of Ice cream sundaes (Q1) = $6

    New Price of Coffee (Q2) = $4

    can be calculated thus

    since, 7 coffee was bought for $4 dollars each

    7x4 = $28

    The remaining funds is now

    82-28 = $56

    therefore,

    $56/$6 = 9 Ice cream sundaes
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