Answer :
Final answer:
With a $100 budget and a cost of $10 per bottle of wine without any price change after 5 bottles, the consumer can purchase 10 bottles of wine.
Explanation:
The student posed a question about budget allocation between two goods, specifically how many bottles of wine can be purchased with a budget of $100, assuming each bottle costs $10 up to a maximum of 5 bottles. Given the price of each bottle, a simple division of the total budget ($100) by the cost per bottle ($10) reveals the maximum number of bottles that can be bought.
In this specific scenario, the calculation would be $100 divided by $10 per bottle, which equals 10 bottles. Since the consumer purchases up to 5 bottles at the given price, and no further information is provided about a change in price after 5 bottles, we assume the price remains constant. Therefore, the consumer can purchase a total of 10 bottles with their $100 budget.
