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Mika earns $317 per week which she spends entirely at the grocery store, purchasing either food or alcohol. The price of food is $1/unit, while the price of alcohol is $8/unit. If Mika receives an

Mika earns $317 per week which she spends entirely at the grocery store, purchasing either food or alcohol. The price of food is $1/unit, while the price of alcohol is $8/unit. If Mika receives an additional $75/week in food stamps that can only be only be used to buy food at the grocery store (so, this money could be used to buy food but NOT alcohol), what is the vertical coordinate of the vertical intercept of Mika's budget constraint if she were to graph quantity of food on the horizontal axis and quantity of alcohol on the vertical axis? (Note: The answer may not be a whole number, so round to the nearest hundredth) (Note: The numbers may change between questions, so read carefully).

Mika earns $317 per week which she spends entirely at the grocery store, purchasing either food or alcohol. The price of food

Jun 01 2021 View more View Less

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