Mika earm $235 per week which she spends entirely at the grocery store, purchasing either food or alcohol The price of food is $1/unit, while the price of alcohol is $7/unit. I Mika receives an additional $76/week in food stamos that can only be used to buy feod at the grocery store so, this money could be used to buy food but NOT alcohol what is the slope of Mika's budget constraint at the esint where the conatraintintenects the horicontal axis were she to graph quantity of food on the horizental ais and quantity of alcohol on the vertical ais (Note: The answer may not be a whole number, so round to the nearest hundredth (Note The numbers may change between questions, so read carefuly
Mika earm $235 per week which she spends entirely at the grocery store, purchasing either food or alcohol The price of food is $1/unit, while the price of alcohol is $7/unit. I Mika receives an additional $76/week in food stamos that can only be used to buy feod at the grocery store so, this money could be used to buy food but NOT alcohol what is the slope of Mika's budget constraint at the esint where the conatraintintenects the horicontal axis were she to graph quantity of food on the horizental ais and quantity of alcohol on the vertical ais (Note: The answer may not be a whole number, so round to the nearest hundredth (Note The numbers may change between questions, so read carefuly
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter6: Consumer Choice And Demand
Section: Chapter Questions
Problem 2QFR
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Transcribed Image Text:Mika earns $235 per week which she spends entirely at the grocery store, purchasing either food or alcohol
The price of food is $1/unit, while the price of alcohol is $7/unit.
If Mika recnives an additional $76/week in food stamps that can only be used to buy food at the grocery store so, this money could be used to buy food but NOT alcohol), what is the slope of Mka's budget
constraint at the point where the constraint intenects the horizontalaxis, were she to graph quantity of food on the horizontal axis and quantity of alcohol on the vertical axis?
(Note: The anawer may not be a whole rumber, so round to the nearest hundredth)
(Note The numbers may change between questions, so read carefully
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