Janice really likes potatoes at best any other goods are


Janice really likes potatoes. At best any other goods are worth less than a dollar to her, potatoes cost $1.10 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. Suppose she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.05, and all subsequent pounds are worth $0.30.

a. How many pounds of potatoes will she purchase?

____________ pound(s) of potatoes.

b. What if she only had $3.00 to spend?

____________ pound(s) of potatoes.

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Business Economics: Janice really likes potatoes at best any other goods are
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