Jamal’s weekly budget is $48, which he spends on magazines and pies.
A) If the price of a magazine is $8 each, what is the maximum number of magazines he could buy in a week?
B) If the price of a pie is $24, what is the maximum number of pies he could buy weekly?
C) Draw Jamal’s budget constraint with pies on the horizontal axis and magazines on the vertical axis. Draw the slope of the budget constraint?
D) What is Jamal’s opportunity cost of purchasing a pie?
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