Calculate Saras real income in terms of smoothies. Calculate her real income in terms of popcorn. What
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Calculate Sara’s real income in terms of smoothies. Calculate her real income in terms of popcorn. What is the relative price of smoothies in terms of popcorn? What is the opportunity cost of a smoothie?
Sara’s income is $12 a week. The price of popcorn is $3 a bag, and the price of a smoothie is $3.
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Lets start by answering the question step by step 1 Calculate Saras real income in terms of smoothies Saras income is 12 a week and the price of a smoothie is 3 So to calculate how many smoothies she can buy with her income well divide her income by the price of a smoothie Real income in terms of smoothies Saras income price of smoothie ...View the full answer
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