Discover Miss Muffet's Demand for Curds with Excitement!

What is Miss Muffet's demand for curds based on the given data?

Miss Muffet insists on consuming 2 units of whey per 1 unit of curds. If the price of curds is $3 and the price of whey is $3, then if Miss Muffet's income is m, her demand for curds will be:
a. m/3. b. 3m/3. c. 3C + 3W = m. d. 3m. e. m/9.

Miss Muffet's Demand for Curds

According to calculations, Miss Muffet's demand for curds will be m/9. The correct option is e.

Miss Muffet insists on consuming 2 units of whey per 1 unit of curds. If the price of curds is $3 and the price of whey is $3, and Miss Muffet's income is m, her demand for curds can be determined as follows:

Calculating Miss Muffet's Demand for Curds

Step 1: Determine the cost of the consumption ratio:

For every 1 unit of curds ($3) she buys, she also buys 2 units of whey (2 * $3 = $6).

Step 2: Calculate the total cost per consumption ratio:

The total cost for her preferred consumption ratio is $3 (curds) + $6 (whey) = $9.

Step 3: Determine her demand for curds:

Since her income is m, and the total cost for her consumption ratio is $9, her demand for curds can be found by dividing her income by the total cost: m / $9.

Therefore, Miss Muffet's demand for curds will be e. m/9.

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