Answered

Assume the price of bread (B) is $1.25 and the price of milk (M) is $1.75 which of the following is the budget equation

A. Budget = $1.25 B +$1.75 M
B. Budget = $1.25+$1.75
C. $120 = $1.25 B +$1.75 M
D. None of the above

Assume the price of bread B is 125 and the price of milk M is 175 which of the following is the budget equation A Budget 125 B 175 M B Budget 125175 C 120 125 B class=


Answer :

Answer:

A

Explanation:

Given:

Price of bread (B) = $1.25

Price of milk (M) = $1.75

To calculate the total budget equation, we need to consider the total cost of both bread and milk:

Total cost = Price of bread (B) + Price of milk (M)

Substitute the given prices:

Total cost = $1.25B + $1.75M

Therefore, the correct budget equation is:

Budget = $1.25B + $1.75M

So, the correct answer is:

A. Budget = $1.25B + $1.75M