Lumen OHM Assessment

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

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

Hint

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

Hint

Draw the student's budget constraint. Put beers 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

Graphing window shows horizontal axis: -5 to 60, vertical axis: -5 to 60. Start Graph, Color blue

x	y
-5	37.5
-4	36
-3	34.5
-2	33
-1	31.5
0	30
1	28.5
2	27
3	25.5
4	24
5	22.5
6	21
7	19.5
8	18
9	16.5
10	15
11	13.5
12	12
13	10.5
14	9
15	7.5
16	6
17	4.5
18	3
19	1.5
20	-0
21	-1.5
22	-3
23	-4.5
24	-6
25	-7.5
26	-9
27	-10.5
28	-12
29	-13.5
30	-15
31	-16.5
32	-18
33	-19.5
34	-21
35	-22.5
36	-24
37	-25.5
38	-27
39	-28.5
40	-30
41	-31.5
42	-33
43	-34.5
44	-36
45	-37.5
46	-39

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

Hint

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

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.

Hint

What is the opportunity cost of a beer?

burgers

Hint

What is the opportunity cost of a burger?

beers

Hint

How can one see the opportunity cost on the graph?

Hint