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Will jim now be able and want to buy muffins

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Question: Jim has made his best affordable choice of muffins and coffee. He spends all of his income on 10 muffins at $1 each and 20 cups of coffee at $2 each. Now the price of a muffin rises to $1.50 and the price of coffee falls to $1.75 a cup.

a. Will Jim now be able and want to buy 10 muffins and 20 coffees?

b. Which situation does Jim prefer: muffins at $1 and coffee at $2 a cup, or muffins at $1.50 and coffee at $1.75 a cup?

Reference no: EM132115729

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