On January 1, Professor Smith made a resolution to lose some weight and save some money....

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On January 1, Professor Smith made a resolution to lose some weight and save some money. He decided that he would strictly budget $100 for lunches each month. For lunch, he has only two choices: the faculty club, where the price of a lunch is $5, and Alice's Restaurant, where the price of a lunch is $10. Every day that he does not eat lunch, he runs 5 miles. Professor Smith's Lunches 24- 22- 20- Assuming that Professor Smith spends the $100 each month at either Alice's or the club, sketch his budget constraint. 18- 16- 1.) Using the line drawing tool, sketch his budget constraint. Label this line 'BC'. 14- Last month Professor Smith chose to eat at the club 10 times and at Alice's 5 12- times. 10- 8- 2.) Using the point drawing tool, locate this combination of lunches on the graph to the right. Label this point 'C'. 6- 4- Note: Carefully follow the instructions above and only draw the required objects. 2- 0- 4 5. 6. 7. 8 9. 10 11 12 Lunches at Alice's Lunches at the club -3- On January 1, Professor Smith made a resolution to lose some weight and save some money. He decided that he would strictly budget $100 for lunches each month. For lunch, he has only two choices: the faculty club, where the price of a lunch is $5, and Alice's Restaurant, where the price of a lunch is $10. Every day that he does not eat lunch, he runs 5 miles. Professor Smith's Lunches 24- 22- 20- Assuming that Professor Smith spends the $100 each month at either Alice's or the club, sketch his budget constraint. 18- 16- 1.) Using the line drawing tool, sketch his budget constraint. Label this line 'BC'. 14- Last month Professor Smith chose to eat at the club 10 times and at Alice's 5 12- times. 10- 8- 2.) Using the point drawing tool, locate this combination of lunches on the graph to the right. Label this point 'C'. 6- 4- Note: Carefully follow the instructions above and only draw the required objects. 2- 0- 4 5. 6. 7. 8 9. 10 11 12 Lunches at Alice's Lunches at the club -3-