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In: Economics

Janice really likes potatoes. Potatoes cost $0.50 per pound, and she has $5.00 that she could...

Janice really likes potatoes. Potatoes cost $0.50 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. Suppose she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.05, and all subsequent pounds are worth $0.30. a)How many pounds of potatoes will she purchase? b) What if she only had $3.00 to spend?

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Rahul Sunny answered 1 year ago
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