Jeff has $250 that he wants to send on some combination of coffee and muffins. Let the price of coffee be Pc= $1 and let the price of muffins be Pm = $2. Derive Jeff's budget constraint, derive Jeff's marginal rant of transformation, between C (coffee) and M (muffins), Plot Jeff's budget constraint with M (muffins) on the vertical axis and C (coffee) on the horizontal axis. Be sure to provide the slope and intercept values.

Q&A Education