A student has a monthly budget of `$100` to spend on either pizza rolls, which cost `$10` each, or tacos, which cost `$5` each.
What is the largest number of pizza rolls that the student could afford to purchase in one month?
The largest number of pizza rolls that the student can afford to purchase is the student's budget divided by the cost of a single pizza roll
What is the largest number of tacos the student could afford to purchase in one month?
The largest number of pizza rolls that the student can afford to purchase is the student's budget divided by the cost of a single pizza roll
Draw the student's budget constraint. Put pizza rolls on the x-axis and tacos on the y-axis.
Clear All Draw:
The budget constraint line is a line between the number of pizza rolls the student could afford if she spent her entire budget on pizza rolls and the number of tacos the student could afford if she spent her entire budget on tacos.
On the x-axis, plot the largest number of pizza rolls the student could afford to purchase in one month. Then on the y-axis, plot the largest number of tacos the student could afford to purchase in one month.
Which combinations of pizza rolls and tacos are unaffordable?
The budget constraint line represents the maximum number of pizza rolls and tacos the student can buy given the budget they have to spend.
Indicate which combinations would leave some budget unspent.
The budget constraint line represents the maximum number of pizza rolls and tacos the student can buy given the budget they have to spend.
What is the equation for the student's budget constraint? In your equation, use Q1 as the variable to represent the quantity of pizza rolls and Q2 to represent the quantity of tacos.
The equation for any budget constraint is: Budget = P1*Q1+P2*Q2+⋯+Pn*Qn
What is the opportunity cost of a pizza roll?
The opportunity cost of a pizza roll is the number of tacos that the student could buy instead of buying a single pizza roll
What is the opportunity cost of a taco?
The opportunity cost of a taco is the number of pizza rolls that the student could buy instead of buying a single taco
How can one see the opportunity cost on the graph?
The opportunity cost of a taco is the number of pizza rolls that the student could buy instead of buying a single taco
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Enter DNE for Does Not Exist, oo for Infinity
`10`
Box 2: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Enter DNE for Does Not Exist, oo for Infinity
20
Box 3: Enter your answer by drawing on the graph.
Box 4: Select the best answer
those to the right of the line in the above graph
Box 5: Select the best answer
those to the left of the line in the above graph
Box 6: Enter your answer as an equation. Example: y=3x^2+1, 2+x+y=3
Be sure your variables match those in the question
`100="Q1"*10+"Q2"*5`
Box 7: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4) Enter DNE for Does Not Exist, oo for Infinity
2
Box 8: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4) Enter DNE for Does Not Exist, oo for Infinity
0.5
Box 9: Enter your answer as text. This question is not automatically graded.
