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If the price of a pie is $\$ 12,$ what is the max…

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Problem 1 Problem 2 Problem 3 Problem 4 Problem 5 Problem 6 Problem 7 Problem 8 Problem 9 Problem 10 Problem 11 Problem 12 Problem 13 Problem 14 Problem 15 Problem 16 Problem 17 Problem 18 Problem 19 Problem 20 Problem 21 Problem 22 Problem 23 Problem 24 Problem 25 Problem 26 Problem 27

Problem 24 Medium Difficulty

Use this information to answer the following 4 questions: Marie has a weekly budget of $24, which she
likes to spend on magazines and pies.
If the price of a magazine is $4 each, what is the maximum number of magazines she could buy in a
week?

Answer

6 magazines

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Principles of Microeconomics for AP® Courses

Chapter 2

Choice in a World of Scarcity

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Video Transcript

Hey, everyone. Today we're answering problem number 24 from Chapter two of the textbook, which states Marie has a weekly budget of $24 which he likes to spend on magazines and pots. If the price of a magazine is $4 what is the maximum number of magazines She could find him, so she has a total of $24 but she can allocate towards both money. Sorry, that's total amount, and the total could be split between both magazines and pies, which I'll just write a peon, the highs and busy the capital. P dot needs pies on dark nights. Um, and then you're told that it's $4 for one night? One. So how many total cushy by? Well, it's pretty simple. Um, you don't need to worry about the fact that she could also buy pies. You just used Total divided by the price for one. And that's how money she could buy total for magazines. Not saying she's going to. She may want some pies is while smell all pies, who knows? But this you want to buy all my disease and no parties. She could, and she got six total magazines Yeah. Um, stance on Agassi. So there you have it. The maximum number of magazines, and then we could get with $24 budget. And the price reminds you have $4 each is six max Mom magazines. You know, if you guys enjoying my video oxidation peaceable like next to it, I hope you'll have a nice day. Thanks for watching.

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Steven A. Greenlaw, David Shapiro, Timothy Taylor

Principles of Microeconomics for AP® Courses

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