Calculate Amys real income in terms of cake. Calculate the relative price of cake in terms of

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Calculate Amy’s real income in terms of cake. Calculate the relative price of cake in terms of coffee.
Amy has $20 a week to spend on coffee and cake. The price of coffee is $4 a cup, and the price of cake is $2 a slice.
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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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