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Math Help - Economics Problem

  1. #1
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    Economics Problem

    Alright, my econ teacher told me that this problem hasn't been answered correctly in the three years that it has been given. I've got my own answer to this question, but I thought it'd be smart to see if I was even remotely right or not. I'm prone to miscalculation. Thanks if anyone decides to help.

    Help Martin choose among the alternatives. He has an upcoming dinner party for four. He would like to serve a cold drink with dinner, a meat or fish course, pasta, vegetable,
    and a dessert with coffee. He is using newspaper ads to plan his shopping list. He is short of time, and can shop at only one of the two stores listed below. Both stores offer the same products at the same prices, except for the sale items in the ads.

    Directions: Put together a dinner for Martin and his friends, spending no more than $9 and using only the products listed.

    Food Mart
    Macaroni & Cheese 4 boxes for $1.00
    One for $.50
    Eight-inch Apple Pie $1.99
    Regularly $3.00 ea.
    One-serving Prepackaged Salad $.99
    33-ounce Can of Coffee $4.99
    Regularly $6.00 ea.
    Catfish $.99 a pound
    Regularly $1.99 lb.

    Grocery Store
    1 Pint Mullins' Ice Cream $1.25
    Regularly $2.39
    Whole Beef Rib Eye $2.78 lb
    Regularly $3.50 lb
    Cut Green Beans 3 cans for $.99
    One can for $.40 a can
    11-ounce Can of Coffee 3/$5.00
    One Can for $2.99
    12-pack of Cola $1.49
    Regularly $2.50

    Shopping List at (name of grocery store):

    Food Quantity Cost
    Cold Drink
    Meat or Fish
    Pasta
    Vegetable
    Coffee
    Dessert

    Total Cost:
    Money saved buying sale items:
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  2. #2
    Grand Panjandrum
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    Quote Originally Posted by A Beautiful Mind View Post
    Alright, my econ teacher told me that this problem hasn't been answered correctly in the three years that it has been given. I've got my own answer to this question, but I thought it'd be smart to see if I was even remotely right or not. I'm prone to miscalculation. Thanks if anyone decides to help.

    Help Martin choose among the alternatives. He has an upcoming dinner party for four. He would like to serve a cold drink with dinner, a meat or fish course, pasta, vegetable,
    and a dessert with coffee. He is using newspaper ads to plan his shopping list. He is short of time, and can shop at only one of the two stores listed below. Both stores offer the same products at the same prices, except for the sale items in the ads.

    Directions: Put together a dinner for Martin and his friends, spending no more than $9 and using only the products listed.

    Food Mart
    Macaroni & Cheese 4 boxes for $1.00
    One for $.50
    Eight-inch Apple Pie $1.99
    Regularly $3.00 ea.
    One-serving Prepackaged Salad $.99
    33-ounce Can of Coffee $4.99
    Regularly $6.00 ea.
    Catfish $.99 a pound
    Regularly $1.99 lb.

    Grocery Store
    1 Pint Mullins' Ice Cream $1.25
    Regularly $2.39
    Whole Beef Rib Eye $2.78 lb
    Regularly $3.50 lb
    Cut Green Beans 3 cans for $.99
    One can for $.40 a can
    11-ounce Can of Coffee 3/$5.00
    One Can for $2.99
    12-pack of Cola $1.49
    Regularly $2.50

    Shopping List at (name of grocery store):

    Food Quantity Cost
    Cold Drink
    Meat or Fish
    Pasta
    Vegetable
    Coffee
    Dessert

    Total Cost:
    Money saved buying sale items:
    There is no solution Food Mart does not list a cold drink, and Grocery Store does not list pasta.

    The only way out world be to serve iced coffee, when the shopping will have to be done at Food Mart, you can do the costing yourself.

    RonL
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