What is the opportunity cost of a can of cola

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Sara has $12 to spend on popcorn and cola. Popcorn is $3 a bag, and cola is $3 a can. Figure 1 illustrates Sara's preferences. Use Figure 1 to work Problems.

What is the relative price of cola and what is the opportunity cost of a can of cola? Draw a graph of Sara's budget line with cola on the x-axis.

Reference no: EM131298136

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