Sara's income is $16 a week. The price of popcorn is $2 a bag, and the price of a smoothie is $4. Calculate the equation for Sara's budget line. Qs is the quantity of smoothies and Qp is the quantity of popcorn. OA. Qp = 8 +0.50Qs B. Qp = 8-2.0Qs OC. Qp=0.13-2.0Qs OD. Qp = 64 + 16Qs Draw points to show the combination of smoothies and popcorn Sara buys when: 1) she uses all her income to buy popcorn. Label it 1. 2) she uses all her income to buy smoothies. Label it 2. Draw Sara's budget line. Label it. 10- 8- 6- 44 24 0+ Popcorn (bags per week) Budget line + Smoothies (number per week) 1

Sara's income is $16 a week. The price of popcorn is $2 a bag, and the price of a smoothie is $4. Calculate the equation for Sara's budget line. Qs is the quantity of smoothies and Qp is the quantity of popcorn. OA. Qp = 8 +0.50Qs B. Qp = 8-2.0Qs OC. Qp=0.13-2.0Qs OD. Qp = 64 + 16Qs Draw points to show the combination of smoothies and popcorn Sara buys when: 1) she uses all her income to buy popcorn. Label it 1. 2) she uses all her income to buy smoothies. Label it 2. Draw Sara's budget line. Label it. 10- 8- 6- 44 24 0+ Popcorn (bags per week) Budget line + Smoothies (number per week) 1

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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