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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

Micro Economics For Today
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 5SQP
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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. O A. Qp = 8 +0.50Qs B. Qp=8-2.0Qs OC. Qp = 0.13-2.0Qs O D. 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- Popcorn (bags per week) Budget line + Smoothies (number per week) 10
Transcribed Image Text: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. O A. Qp = 8 +0.50Qs B. Qp=8-2.0Qs OC. Qp = 0.13-2.0Qs O D. 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- Popcorn (bags per week) Budget line + Smoothies (number per week) 10
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