Multiple Choice
Twenty years ago, Amanda consumed cans of motor oil which cost her 6 pesos each and gallons of gasoline which cost her 14 pesos each.With her income of 112 pesos, she bought 7 cans of motor oil and 5 gallons of gasoline.Today she has an income of 230 pesos.Cans of motor oil now cost 10 pesos each and gallons of gasoline now cost 32 pesos each.Assuming her preferences haven't changed, she
A) is definitely better off than she was 20 years ago.
B) was definitely better off 20 years ago than she is now.
C) is just as well off as she was 20 years ago.
D) may be either better or worse off now than 20 years ago.There is not enough information to determine which is the case.
E) is behaving irrationally.
Correct Answer:

Verified
Correct Answer:
Verified
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