Jon consumes two goods: Cans of Soda and Bags of Pretzels. Jon has $48 to spend, a soda costs $4 and a bag of pretzels costs Jon $6. Consider making a graph of Jon's budget line showing his consumption set. You don't have to "make" a graph unless you want to. Put the # of bags of Pretzels consumed on the vertical axis and the number of Sodas consumed on the horizontal axis. A suggested approach would be to put the graph in the form of the provided picture labelled "Budget Line 2". You will use this information for this and the next question. The vertical intercept of the budget line hits the Pretzels axis at ______ units and it hits the horizontal axis at ______ units of soda

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To construct Jons budget line we can use the information provided Lets den... View the full answer