Consider Mike's budget constraint for soda and burgers. Each week, Mike has $12 to spend on burgers and sodas. The price of a burger is $4 and the price of a soda is $1. If burgers is the good on the X axis, then which of the following statements is correct?

a.

the slope of Mike's budget constraint is equal to -4 and the Y-intercept is 3

b.

the slope of Mike's budget constraint is -4 and the Y-intercept is equal to 12

c.

the slope of Mike's budget constraint is -1/4 and the Y-intercept is equal to 12

d.

the slope of Mike's budget constraint is equal to -1/4 and the Y-intercept is 3