Calculate amys real income in terms of cake, Microeconomics

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Calculate amys real income in terms of cake

Problem

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.

Calculate Amy's real income in terms of cake. Calculate the relative price of cake in terms of coffee.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Calculate amys real income in terms of cake

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Microeconomics: Calculate amys real income in terms of cake

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