2 david gets usd3 per week as an allowance to spend any way he pleases
2. David gets $3 per week as an allowance to spend any way he pleases.
Since he likes only peanut butter and jelly sandwiches, he spends the entire
amount on peanut butter (at $0.05 per ounce) and jelly (at $0.1 per ounce).
Bread is provided free of charge by a concerned neighbor. David is a picky eater
and makes his sandwiches with exactly 1 ounce of jelly and 2 ounces of peanut
butter. He is set in his ways and will never change these proportions.
a) How much peanut and jelly will David buy with his $3 allowance per
b) Suppose the price of jelly increases to $0.15 per ounce. How much of each
commodity would be bought?
c) By how much should David's allowance be increased to compensate for
the rise in the price of jelly in part b?
d) Graph your results of part a through part c.
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