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You have a budget of $18. You like to buy donuts and kolaches for breakfast each day of the week. Donuts cost $1, while kolaches

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You have a budget of $18. You like to buy donuts and kolaches for breakfast each day of the week. Donuts cost $1, while kolaches cost $3 each. Graph a budget constraint for yourself showing the trade-off between each of these choices. Also calculate the the opportunity cost of each good in terms of the other (i.e. how many donuts does it cost to buy one kolache). Select one of the choices in your opportunity set that reflects maximized utility for yourself. Take a picture of your work (budget constraint, opportunity cost, and maximum utility) and submit to the "Midterm Exam" dropbox. A

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