Suppose Valerie has a monthly budget of $80 to spend on ranch dressing and spinach. Ranch dressing is priced at $4 per bottle, and spinach is priced at $2 per container. If Valerie spends her entire $80 on ranch dressing, she can buy bottles of ranch dressing. If she spends her entire $80 on spinach, she can buy containers of spinach. Use the blue line-(circle symbol) to plot Valenie's budget constraint on the following graph, Next, use the orange point (square symbol) to shade the area that represents combinations of ranch dressing and spinach that are affordable for Valerie. Finaliy, place the black point (plus symbol) on the point on Valerie's budget constraint that corresponds to a scenario in which valerie spends s4o on each gocd. Note: Dashed drop lines will automatically extend to both axes: What does the slope of Valerie's budget constraint represent? The opportunity cost of an additional bottle of ranch dressing in terms of containers of spinach The cost of an additional container of spinach in terms of dollars The cost of an additional bottle of ranch dressing in terms of dollars The opportunity cost of an additional container of spinach in terms of bottles of ranch dressing Suppose Valerie receives $20 from her relative and decides to commit this money to purchasing more rat Using the green line (triangle symbol), draw Valerie's new budget constraint on the preceding graph. True or False: Valerie faces a new tradeoff between ranch dressing and spinach. True False