(Answered) Mikaela drinks 10 sodas and 4 smoothies yesterday smoothies

Economics

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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Business Economics, Economics

Category:- Business Economics
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