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Use the following prompt to answer questions 4 7 Kate earns $3 00/week which She spends entirely at the grocery. store where She buys either

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Use the following prompt to answer questions 4 7 Kate earns $3 00/week which She spends entirely at the grocery. store where She buys either food (F) or alcohol (A) Let X}: represent the quantity of food Kate purchases, and X4 the quantity afalcahot. 4. (10 M Pp = $1 and PA = $3. Illustrate Kate's budget constraint [place X1: on the horizontal axis). What is the vertical value of the vertical intercept for your budget constraint? (Please enter only a number). (Use this additional information to answer Questions 5 - 7% that Kate receives $60!week in food stamps which can only be used to buy food (not alcohol). Draw Kate's new budget constraint. 5. (10 points) What are the (XF, XA) coordinates of the kink in your graph? (Note: a \"kink\" is a point on your budget constraint where the slope to the le is different from the slope to the right). a.(60, 100) b. (60,120) 0. (40, 60)| d. (100,60) 6. (10 points) What is the slope of your budget constraint to the left of the kink? a. 0 b. -l c. -1f3 d. -3 7. (10 points) What is the slope of your budget constraint to the right of the kink? a. 0 b. -1 c. -1/3 d. -3

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