use the blue line (circle symbol) to plot alex's budget constraint on the following graph. next, use the orange point (square symbol) to shade the area that represents combinations of juice and yogurt that are affordable for alex. finally, place the black point (plus symbol) on the point on alex's budget constraint that corresponds to a scenario in which alex spends $12 on each good. What does the slope of Gilberto's budget constraint represent?
-The cost of an additional box of cereal in terms of dollars
-The opportunity cost of an additional cup of coffee in terms of boxes of cereal
-The opportunity cost of an additional box of cereal in terms of cups of coffee
-The cost of an additional cup of coffee in terms of dollars
Suppose Gilberto receives $8 from his grandmother and decides to dedicate this money to buying more coffee and cereal.
Using the green line (triangle symbol), draw Gilberto's new budget constraint on the previous graph.
True or False: Gilberto faces the same tradeoff between coffee and cereal.