Marie has a weekly budget of $24, which she likes to spend on magazines and pies. the price of a pie is $12. if the price of a magazine is $4 each, the maximum number of magazines she could buy in a week is . if she buys 1 pie the number of magazines she can buy in a week is . what is her $ opportunity cost of purchasing a pie? if marie's weekly budget is $24, which she likes to spend on magazines and pies, and if the price of a pie is $12 each, what is the maximum number of pies she could buy in a

1.  6 magazines

2. 3 magazines

3.Opportunity cost of a pie = $ 12

4.  2 pies

Explanation:

Weekly budget = $ 24

To be spent on pie and magazine

Pie price $ 12

Magazine price $ 4

Maximum number of magazine to buy = spend the whole amount on magazine

=24/4

i)  6 magazines.

ii)If she buys 1 pie at 12 she will be left with (24-12)=$12

Number of magazine to buy with these $12

=$12/4

= 3 magazines

iii)Opportunity cost of a pie = $ 12

iv)Maximum number of pies= whole amount spend on pie

=$24/12

=2 pies

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; ///after donning a gown, mask and eyewear;