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Mikaela drinks 10 sodas and 4 smoothies. Yesterday smoothies were $5 each and sodas were $2 each. Today things are different:

Mikaela drinks 10 sodas and 4 smoothies. Yesterday smoothies were​ $5 each and sodas were​ $2 each. Today things are​ different: The government has implemented a tax on sodas and their price has doubled to​ $4. The government has also revised the income tax so that​ Mikaela's income has increased. She can now afford to buy her usual 10 sodas and 4 smoothies per week.

Part A: What is​ Mikaela's income​ today?

Part B: Suppose smoothies are measured on the​ y-axis and sodas are measured on the​ x-axis.

What is the absolute value of the slope of​ Mikaela's budget constraint​ today?

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solved part A budget constraints yesterday 10*sodas + 4*smoothies = income 10*2 +... View the full answer

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