Please show your work and provide explanation when solving this problem.

Suppose that your family has just decided to adopt a cat named Hailey. You have a monthly budget of $50 that you can choose to spend on either cat food or other consumption goods. Assume the price of a can of cat food is $5 for the first 4 cans, but then it drops to only $3 per can for each additional can. All other consumption goods will be treated as a composite good, so you can think of this as simply the cash left over to spend on other items after buying cat food.

On the following graph, use the blue points (circle symbol) to graph your family's budget constraint. Remember to plot from left to right. Line segments will automatically connect the points.

Budget Constraint0246810121416182050454035302520151050OTHER CONSUMPTION (Amount per month)CAT FOOD CANS (Cans per month)

True or False: The opportunity cost of an additional can of cat food, in terms of other consumption goods, increases once you have bought more than 4 cans of cat food relative to i

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