Question

question sam and amanda moved from hawaii to iowa. their grocery budget has remained at $100 per month, but the price of their groceries has dramatically gone down due to cost of living! they used to pay $10 for a dozen organic eggs (let $q_1$ represent the number of dozens of eggs) but now they pay $5. for frozen pizza ($q_2$) they paid $15 but now they are paying $10. what is sam and amandas new budget constraint? provide your answer below: $\square = $\square\times q_1 + $\square\times q_2$

Explanation:

Step1: Identify budget amount

Budget = $100

Step2: Identify new egg - price

New egg - price = $5

Step3: Identify new pizza - price

New pizza - price = $10

Answer:

$100 = $5×Q_1 + $10×Q_2