Question
In: Economics
Like many teenagers struggling with peer pressure and the desire to be cool, Janis started secretly...
Like many teenagers struggling with peer pressure and the desire to be cool, Janis started secretly smoking cigarettes. Janis’s parents give her an allowance of $395 per month to buy a sandwich for lunch at school every day. Janis likes to consume her sandwiches in fixed proportions with cigarettes. She eats exactly 3 sandwiches for every pack of cigarettes that she smokes. The price of cigarettes is $4 per pack and the price of sandwiches is 5 per sandwich.
If Janis's parents reduce her income from $395 to $185, by how many packs will her consumption of cigarettes be reduced? Round your final answer to one decimal place.
The parents' goal in the previous question was for Janis to stop smoking cigarettes and spend all her (reduced) allowance on sandwiches. How successful will the parents be in their plan? Explain your reasoning.
Solutions
Rahul Sunny answered 1 year agoRelated Solutions
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