MyOpenMath Assessment

Enable text based alternatives for graph display and drawing entry

1. A student has a monthly budget of $100 to spend on either beers, which cost $10 each, or burgers, which cost $5 each.

What is the largest number of beers 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 beers on the x-axis and burgers on the y-axis.

Clear All Draw: Line

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Hint 2

4. Which combinations of beers and burgers are unaffordable?

those to the left of the line in the above graph
those to the right of the line in the above graph

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5. Indicate which combinations would leave some budget unspent.

those to the left of the line in the above graph
those to the right of the line in the above graph

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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 beers and Q2 to represent the quantity of burgers.

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7. What is the opportunity cost of a beer?

burgers

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8. What is the opportunity cost of a burger?

beers

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

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