Question

A group of female students living off-campus has approached you

to discuss how to have better eating habits within their budget
limits. Together, they have $200 per week to spend on groceries.
They ar

Answer 1

The group of female students should consider a balanced approach to their budget, prioritizing their well-being and living conditions.

Step-by-step explanation:

The group of female students can analyze their options using the monthly budget constraint. At point A, they can choose not to eat any meals and have a 616 square foot apartment. At point B, they can eat one meal per day, which leaves $940 for housing, providing them with a studio apartment of 470 square feet. At point C, they can have two meals each day, but their housing is reduced to 325 square feet, a very small studio apartment.

To make the most of their budget, the students should consider a balanced approach. At point B, they have enough money to eat one meal each day and have a comfortable living space. This allows them to prioritize their well-being and living conditions.