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devlian [24]
2 years ago
9

Suppose John has a budget of $82 that he spends on ice cream sundaes (Q1) and coffee (Q2). The price of ice cream sundaes recent

ly 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?
Business
1 answer:
ANEK [815]2 years ago
4 0

Answer:

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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