The average monthly balance in Joy's bank account is $1,500. Joy spends the same amount of money each day during a 30-day month, and at the end of the month, her account balance is $0. At the constant rate of per day Joy spends her money? $70 $40 O $100 $50

The average monthly balance in Joy's bank account is $1,500. Joy spends the same amount of money each day during a 30-day month, and at the end of the month, her account balance is $0. At the constant rate of per day Joy spends her money? $70 $40 O $100 $50

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter3: Your Role As A Consumer

Section3.1: Consumption, Income, And Decision Making

Problem 2R

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Question

The average monthly balance in Joy's bank account is
$1,500. Joy spends the same amount of money each day
during a 30-day month, and at the end of the month, her
account balance is $0. At the constant rate of
per day Joy spends her money?
$70
$40
O $100
O $50

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