MyOpenMath Assessment

1. A student has a monthly budget of $150 to spend on either burritos, which cost $5 each, or burgers, which cost $3 each.

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

Hint

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

Hint

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

Graph to add drawings to:

Graphing window shows horizontal axis: -5 to 60, vertical axis: -5 to 60.

Elements to draw:

No elements have been added yet

Add new drawing element:

Hint 1

Hint 2

4. Which combinations of burritos 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

Hint

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

Hint

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.

Hint

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?

Hint