Answer :
Final answer:
The provided information is related to budget constraints, opportunity costs, and maximizing utility with a limited budget. Jade can purchase a maximum of 6 magazines or 2 pies within her $24 budget, with the opportunity cost of one pie being 3 magazines. Alphonso can afford either 5 burgers or 20 bus tickets per week based on his $10 budget.
Explanation:
The Brainly question seems to be mathematics-themed and involves understanding the concepts of budget constraints, opportunity costs, and calculations related to expected value. The student is asked to consider a scenario with Jill playing at an arcade with set costs for video games and ball tosses, but the rest of the information provided pertains to budget constraints and opportunity costs in different contexts. Let's explore these concepts based on the provided information.
Jade's Budget Constraint and Opportunity Cost
- If the price of a magazine is $4 each, Jade can buy a maximum of 6 magazines (because $24 / $4 = 6).
- If the price of a pie is $12 each, Jade can buy a maximum of 2 pies (because $24 / $12 = 2).
- The slope of the budget constraint is the rate at which Jade can trade off magazines for pies. Given the prices, the slope would be -3 because for every pie she buys, she has to give up 3 magazines ($12/$4 = 3).
- The opportunity cost of purchasing one pie for Jade is 3 magazines, because for each pie she foregoes, she could have bought 3 magazines instead.
Alphonso's Budget Allocation
- Alphonso can buy either a maximum of 5 burgers a week or 20 bus tickets.
- If he spends all his money on burgers, at $2 per burger, he won't be able to afford any bus tickets (Point A).
- If he spends all his money on bus tickets, at $0.50 per bus ticket, he can't buy any burgers (Point F).
Learn more about Budget Constraints and Opportunity Cost here:
https://brainly.com/question/28428437
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