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1. A student has a monthly budget of $120 to spend on either burritos, which cost $6 each, or burgers, which cost $4 each.

What is the largest number of burritos that the student could afford to purchase in one month?

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2. What is the largest number of burgers the student could afford to purchase in one month?

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3. Draw the student's budget constraint. Put burritos on the x-axis and burgers on the y-axis.

Clear All Draw: Line

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4. Which combinations of burritos and burgers are unaffordable?

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5. Indicate which combinations would leave some budget unspent.

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6. What is the equation for the student's budget constraint? In your equation, use Q1 as the variable to represent the quantity of burritos and Q2 to represent the quantity of burgers.

 
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7. What is the opportunity cost of a burrito?

  burgers
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8. What is the opportunity cost of a burger?

  burritos
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9. How can one see the opportunity cost on the graph?

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