Question

1. which of the following inequalities would you use to represent a budget constraint where spending must not exceed $500?

a. spending ≥ 500
b. spending ≤ 500
c. spending < 501
d. spending = 501

Explanation:

A budget constraint where spending must not exceed $500 means total spending can be at most $500, which is represented by the inequality "Spending ≤ 500". This includes spending equal to $500 or less, fitting the requirement. Other options do not match: a allows spending above $500, c sets a different upper limit, and d is an equality not an inequality for the constraint.

Answer:

b. Spending ≤ 500