Assume that a consumer has a given budget or income of $24 and that she can buy only two goods, apples or bananas. The price of an apple is $3.00 and the price of a banana is $2.00. If the consumer spent all of her budget on just apples or just bananas, how many apples or bananas maximum would she be able to buy

Based on the budget of the consumer and the price of the apples and bananas, the maximum she could buy of each is 8 apples or 12 bananas.

= Total budget / price of apples

= 24 / 3

= 8 apples

= 24 / 2

= 12 bananas

In conclusion, 8 apples or 12 bananas can be bought.

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12 bananas or 8 apples are needed to purchased

Explanation:

The computation of the number of bananas or the apples is shown below:

Since the income is $24

And, the price of an apple and the price of banana is $3 and $2 respectively

So, the number of bananas is

= $24 ÷ $2

= 12 bananas

And, the number of apples is

= $24 ÷ 3

= 8 apples

Therefore 12 bananas or 8 apples are need to purchased

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