(Solved): Suppose Teresa has a weekly budget of $48 to spend on coffee and yogurt. Coffee is priced at $4 pe ...

Suppose Teresa has a weekly budget of $48 to spend on coffee and yogurt. Coffee is priced at $4 per cup, and yogurt is priced at $6 per container.

If Teresa spends her entire $48 on coffee, she can buy ___ cups of coffee. If she spends her entire $48 on yogurt, she can buy ___containers of yogurt.

Use the blue line (circle symbol) to plot Teresa'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 Teresa. Finally, place the black point (plus symbol) on the point on Teresa's budget constraint that corresponds to a scenario in which Teresa spends $24 on each good.

Note: Dashed drop lines will automatically extend to both axes.