Question

Potatoes cost Janice $1.25 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. If 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, how many pounds of potatoes will she purchase? What if she only had $2.00 to spend?
Janice will purchase with her original $5.00 of income.
Janice will purchase when her income is $2.00

Answer 1

Answer:

1 pound is the correct answer to the given question .

Explanation:

AS the Janice is priced at the  cost of $1,50 for the 1 pound of potatoes also the cost of the $1,14 for the second pound of the potatoes .

It simply means that if the cost is $1.25 per pound for the Potatoes , it provides the market excess from the 1 pound of the potatoes but the average willing to spend the drop below the second pound cost of Potatoes .

So Janice will purchase with the original $5.00 of income. as well as the income is $2.00 for the $1 \ pound$