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Billy Has a $20 Budget to Spend on Yogurt and Cereal.Yogurt

Question 227

Essay

Billy has a $20 budget to spend on yogurt and cereal.Yogurt cost $2 each and cereal costs $4 each.Suppose that the quantity of yogurt is on the vertical axis and the quantity of cereal is on the horizontal axis.The budget line's vertical intercept equals ________.
A) $10
B) 5 yogurts
C) 10 yogurts
D) 5 cereals
E) None of the above answers is correct.

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