Question

Dylan enjoys ramen noodles and music downloads. His monthly budget for these two items is 15 dollars. If the price of a package of ramen noodles is $1.48 and the price of a music download is $1.15, what is Dylan's opportunity cost of a music download? (Round your answer to the nearest tenth. For example: 1.4).

Answer 1

Data:

• Monthly budget: $15

,

• Price of a package of ramen: $1.48

,

• Price of a music download: $1.15

Procedure:

`(15)/(1.48)\approx10.1`

Answer: 10.1