Business, 03.03.2020 00:52 taylordalton93

David N. gets $3 per week as an allowance to spend any way he pleases. Because he likes only peanut butter and jelly sandwiches, he spends the entire amount on peanut butter (at $0.05 per ounce) and jelly (at $0.10 per ounce). Bread is provided free of charge by a concerned neighbor. David is a particular eater and makes his sandwiches with exactly 1 ounce of jelly and 2 ounces of peanut butter. He is set in his ways and will never change these proportions.

(a) How much peanut butter and jelly will David buy with his $3 allowance in a week?
(b) Suppose the price of jelly were to rise to $0.15 an ounce. How much of each commodity would be bought?

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David N. gets $3 per week as an allowance to spend any way he pleases. Because he likes only peanut...

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