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Suppose Eleanor has a weekly budget of $48 to spend on coffee and yogurt. Coffee is priced at $4 per cup, and yogurt is priced

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Suppose Eleanor has a weekly budget of $48 to spend on coffee and yogurt. Coffee is priced at $4 per cup, and yogurt is priced at $2 per container. cups of coffee. If she spends her entire $48 on yogurt, she can buy If Eleanor spends her entire $48 on coffee, she can buy containers of yogurt. Use the blue line (circle symbol) to plot Eleanor's budget constraint 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 Eleanor. Finally, place the black point (plus symbol) on the point on Eleanor's budget constraint that corresponds to a scenario in which Eleanor spends $24 on each good. Note: Dashed drop lines will automatically extend to both axes. 0 BC,(548) + Affordable Regior YOGURT (Containers) $24 on Each BC2(560) 0 3 6 9 27 30 33 36 12 15 18 21 24 COFFEE (Cups) What does the slope of Eleanor's budget constraint represent? O The cost of an additional cup of coffee in terms of dollars The opportunity cost of an additional container of yogurt in terms of cups of coffee The opportunity cost of an additional cup of coffee in terms of containers of yogurt O The cost of an additional container of yogurt in terms of dollars Suppose Eleanor receives $12 from her grandmother and decides to dedicate this money to buying more coffee and yogurt. Using the green line (triangle symbol), draw Eleanor's new budget constraint on the preceding graph. True or False: Eleanor faces the same tradeoff between coffee and yogurt. O True O False

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