John spends all his money on his car and clothes. Every month hehas $1000 to spend, and each time he takes the car to the garage,it costs him $200, while each article of clothing he buys costs him$250. What is the opportunity cost of one car trip to the garage?Briefly show your math. In the space below, draw John’s budget constraint, making sureto label every axis, line, intercept, and slope. John’s grandmother gave him a hideous sweater for Christmas, andasked him to wear it frequently (so that he cannot sell it oneBay). In the graph above, draw the new budget constraint with thegift of sweater. If John prefers to have 4 articles of clothing (including theugly sweater), how many trips to the garage can he afford (garagetrips don’t have to be whole numbers)? . . .
https://proficientwriters.net/wp-content/uploads/2020/04/logo-300x60.png 0 0 Paul https://proficientwriters.net/wp-content/uploads/2020/04/logo-300x60.png Paul2021-08-25 05:32:452021-08-25 05:32:45John spends all his money on his car and clothes. Every month hehas $1000 to spend, and each time he