8. An individual's budget Suppose Amy has a weekly budget of $24 to spend on coffee and yogurt. Coffee is priced at $2 per cup, and yogurt is priced at $6 per container. If Amy spends her entire $24 on coffee, she can buy yogurt. cups of coffee. If she spends her entire $24 on yogurt, she can buy containers of Use the blue line (circle symbol) to plot Amy's budget line on the following graph. Next, use the orange point (square symbol) to shade the area that represents combinations of coffee and yogurt that are affordable for Amy. Finally, place the black point (plus symbol) on the point on Amy's budget line that corresponds to a scenario in which Amy spends $12 on each good. Note: Dashed drop lines will automatically extend to both axes. 24 O 22 20 BL, ($24) 18 16 Affordable Region 14 12 QUANTITY OF YOGURT (Containers) 10 $12 on Each A BL, ($48) N O 0 2 4 6 8 10 12 14 16 18 20 22 24 QUANTITY OF COFFEE (Cups)What does the slope of Amy's budget line represent? C The cost of an additional container of yogurt in terms of dollars C The cost of an additional cup of coffee in terms of dollars C The opportunity cost of an additional container of yogurt in terms of cups of coffee C The opportunity cost of an additional cup of coffee in terms of containers of yogurt Suppose Amy receives an additional $24 from her glandmother on top of the $24 her already has, and decides to dedicate this money to buying more coffee and yogurt. Using the green line (triangle symbol), draw Amy's new budget line on the previous graph. True or False: Amy faces the same tradeoff between coffee and yogurt. C True C False