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Hello, the answer to this question isn't detailed enough. Please provide full explanation with calculations to find the kink point. 1 Question Heidi likes Doritos
Hello, the answer to this question isn't detailed enough. Please provide full explanation with calculations to find the kink point.
1 Question Heidi likes Doritos and Orange Crush. Bags of Doritos east $1 each and cans of Orange Crush cost $0.50 per bottle. There is a special promotion for IStrange Crush that will last for one month; If Heidi sends in the bottle tops from the cans of Orange Crush she drinks during the next month, she will get a refund of $0.21} for ever)' bottlecap beyond the rst 12 that she returns. For example, if she returns 25 bottle caps she will get back $2.60 = $112M 25- 12]. Heidi has $4 to spend on Doritos and Orange Crush during the next month. o Draw her budget line with Orange Crush on the horizontal axis and Doritos on the vertical axis. o Find the points where the budget line hits the axes and the point where it has a kink. I At each of these three points write down the quantities of each good consumed. Answer The budget line runs from {[11 40} on the vertical axis to a tcink point [12? 3-1} and from {127 3-1} to about [125.3T ). 1 2O 10 1\". 0]Step by Step Solution
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