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Mike budgets $50 per month for his morning tea (T) which, he likes to drink with cream (C). He likes it prepared with exactly 8 parts of tea to 1 part of cream. Tea costs $1 per ounce and cream costs $2 per ounce.

How much tea and how much milk will Mike buy in a given month?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M948389

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