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August 28, 2021

Instructions Use this information to answer the following questions: Jean has a weekly lunch budget of $48, whi

Business & Finance /Economics

Instructions

Use this information to answer the following questions: Jean has a weekly lunch budget of $48, which she likes to spend on specialty coffee drinks and chicken salads.

If the price of a special coffee drink is $4, what is the maximum number of special coffee drinks she could purchase per week?
If the price of a chicken salad is $6, what is the maximum number of salads she could purchase per week?
What is the opportunity cost for specialty coffee drinks?
What is the opportunity cost for chicken salads?
Explain how the principle of allocative efficiency will help Jean decide how to spend her budget?

Requirements

When creating your response, please consider the following:

Express your thoughts using critical thinking
Fully answer the question(s)
Utilize the course materials

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