Problem
The price of bread is $0.75 per pound, and the price of butter is $0.20 per ounce. Rupert's income is $15, with which he buys 6 pounds of bread. How much butter does he buy, assuming that he consumes nothing else? Draw his budget constraint and identify his chosen consumption bundle.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.