How Many Games of Bowling Can Jenny Purchase with Her Budget?

What is Jenny's budget constraint and how many games of bowling can she purchase if she buys 6 breakfasts? Jenny wants to spend her money earned waitressing ($300 a month) on bowling and breakfast. Bowling costs $3 a game, and her favorite breakfast is $15 a meal. Assuming Jenny's only expenses are bowling and breakfast, her budget constraint can be expressed as: 3Q1 + 15Q2 = 300, where Q1 is the number of games of bowling and Q2 is the number of breakfasts. If Jenny purchases 6 breakfasts, we can substitute Q2 = 6 into the budget constraint equation and solve for Q1: 3Q1 + 15(6) = 300 3Q1 + 90 = 300 3Q1 = 210 Q1 = 70 Therefore, if Jenny purchases 6 breakfasts, she can purchase 70 games of bowling with her budget of $300 per month.

Understanding Jenny's Budget Constraint

Jenny has a monthly budget of $300 that she wants to allocate between bowling and breakfast. She spends $3 on each game of bowling and $15 on each breakfast meal. The budget constraint equation 3Q1 + 15Q2 = 300 represents the relationship between the number of games of bowling (Q1) and the number of breakfasts (Q2) that Jenny can purchase within her budget.

Calculating the Number of Bowling Games

Given that Jenny decides to buy 6 breakfasts, we can substitute Q2 = 6 into the budget constraint equation: 3Q1 + 15(6) = 300. By solving for Q1, we find that the number of games of bowling Jenny can purchase is 70. This means that with her budget of $300 per month and spending on 6 breakfasts, she can afford 70 games of bowling.

← How to calculate eps for different scenarios on final project of milestone 7 for peyton approved company Does bank accounts last forever →

More Posts: