Don't forget the graph please 1. An individual's budgetSuppose Edison has a weekly budget of $24 to spend on oat milk and peanut butter. Oat milk is priced at $2 per quart, and peanut butter is priced at$6 per jar.If Edison spends his entire $24 on oat milk, he can buyjars of peanut butter.Use the blue line (circle symbol) to plot Edison's budget constraint on the following graph. Next, use the orange point (square symbol) to shade thearea that represents combinations of oat milk and peanut butter that are affordable for Edison. Finally, place the black point (plus symbol) on thepoint on Edison's budget constraint that corresponds to a scenario in which Edison spends $12 on each good.Note: Dashed drop lines will automatically extend to both axes.PEANUT BUTTER (Jars)2422201816124200246What does the slope of Edison's budget constraint represent?810 12 14 16 18 20 22 24OAT MILK (Quarts)quarts of oat milk. If he spends his entire $24 on peanut butter, he can buyO TrueO FalseBC, ($24)☐Affordable Region$12 on EachO The cost of an additional jar of peanut butter in terms of dollarsO The cost of an additional quart of oat milk in terms of dollarsO The opportunity cost of an additional jar of peanut butter in terms of quarts of oat milkO The opportunity cost of an additional quart of oat milk in terms of jars of peanut butterBC₂ ($48)Suppose Edison receives $24 from his relative and decides to commit this money to purchasing more oat milk and peanut butter.Using the green line (triangle symbol), draw Edison's new budget constraint on the preceding graph.True or False: Edison faces the same tradeoff between oat milk and peanut butter.

Given Lorenzo's weekly budget (w) is equal to $24 The price of oat milk is $2 per quart and the…

Suppose Edison has a weekly budget of $24 to spend on oat milk and peanut butter. Oat milk is priced at $2 per quart, and peanut butter is pric $6 per jar. If Edison spends his entire $24 on oat milk, he can buy jars of peanut butter. Use the blue line (circle symbol) to plot Edison's budget constraint on the following graph. Next, use the orange point (square symbol) to shade area that represents combinations of oat milk and peanut butter that are affordable for Edison. Finally, place the black point (plus symbol) on th point on Edison's budget constraint that corresponds to a scenario in which Edison spends $12 on each good. Note: Dashed drop lines will automatically extend to both axes. PEANUT BUTTER (Jars) 24 22 20 18 16 14 12 + 10 4 2 0 024 6 8 10 12 14 OAT MILK (Quarts) 16 18 20 22 quarts of oat milk. If he spends his entire $24 on peanut butter, he can buy 24 BC, ($24) 0 Affordable Region $12 on Each A BC₂ ($48) ?