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A person has $20 with which he can purchase 4 cracker boxesor 3 packets of cheese i. What is the cracker box? ii. What is

A person has $20 with which he can purchase 4 cracker boxesor 3 packets of cheese

i. What is the cracker box?

ii. What is the price of a packet of cheese? (

iii. What is the opportunity cost of 1 packet of cheese in terms of units of cracker boxes?

iv. Can the person afford 2 cracker boxes and 3 packets of cheese? Explain why or why not?

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