Asked by Katie Moules on Jun 03, 2024
Verified
Mrs.Kalbrisa budgets $125 a month for entertainment.She has allocated $10 for the movies and $25 for dining out.She constructs the following budget line graph to represent the situation,where x is the number of movies and y is the number of times she dines out in a month.What combination does NOT fall within her budgeted amount for entertainment? 
A) (5,3)
B) (3,3)
C) (1,4)
D) (7,5)
Budget Line Graph
A type of graph used when a consumer is comparing two categories of expenses; it indicates the amount that can be allotted to each expense so that both categories can be afforded within a certain income.
Entertainment Budget
A financial plan allocating specific funds for recreational and leisure activities within a certain period.
- Understand the fundamentals of budgeting and improve your personal financial management skills.
- Undertake essential calculations for the cost per unit and allocation of financial resources.
Verified Answer
ZK
Zybrea KnightJun 08, 2024
Final Answer :
D
Explanation :
In the graph, the points on the line or below it represent combinations that fall within the budgeted amount for entertainment, while those above the line represent combinations that exceed the budget. Using this logic, we can see that the point (7,5) falls above the line, indicating that it exceeds Mrs. Kalbrisa's budget. Therefore, choice D is the best choice.
Learning Objectives
- Understand the fundamentals of budgeting and improve your personal financial management skills.
- Undertake essential calculations for the cost per unit and allocation of financial resources.