Suppose that your family has just decided to adopt a cat named Koda. You have a monthly budget of $40 that you can choose to spend on either cat food or other consumption goods. Assume the price of a can of cat food is $4 for the first 5 cans, but then it drops to only $2 per can for each additional can. All other consumption goods will be treated as a composite good, so you can think of this as simply the dollars left over to spend on other items after buying cat food. On the following graph, use the blue points (circle symbol) to graph your family's budget constraint. Remember to plot from left to right. Line segments will automatically connect the points. OTHER CONSUMPTION (Dollars per month) 50 Budget Constraint 45 40 35 30 25 20 15 10 4 6 8 10 12 14 16 18 20 CAT FOOD (Cans per month! Help Clear All True or False: The opportunity cost of an additional can of cat food, in terms of other consumption goods, decreases once you have bought more than 5 cans of cat food relative to if you had bought less than 5 cans. O True O False Which of the following bundles of goods are affordable? Check all that apply. O 3 cans of cat food and $28 spent on other consumption goods O 2 cans of cat food and $15 spent on other consumption goods 6 cans of cat food and $20 spent on other consumption goods