Questions: Enter your answer rounded to 1 decimal place. Do not use a negative sign. What is the opportunity cost of one more candy bar? bag(s) of peanuts Of one more bag of peanuts? candy bar(s) Do these opportunity costs rise, fall, or remain constant as additional units are purchased? (Click to select) Does the budget line tell you which of the available combinations of candy bars and bags of peanuts to buy? (Click to select) Suppose that you had won 30 on your ticket, not 15. Is the slope of a new budget line flatter, steeper, or the same as in the diagram above? (Click to select)

To answer the questions, we need to understand the concept of opportunity cost and how it relates to a budget line. However, the specific details such as prices or quantities of candy bars and peanuts are not provided in the text, so I'll explain the general approach to solving these types of questions.

1. Opportunity Cost of One More Candy Bar:

   • The opportunity cost of one more candy bar is the number of bags of peanuts you have to give up to obtain that additional candy bar. This is determined by the slope of the budget line, which represents the trade-off between the two goods. Without specific numbers, we can't calculate the exact opportunity cost, but it would be expressed in terms of bags of peanuts.

2. Opportunity Cost of One More Bag of Peanuts:

   • Similarly, the opportunity cost of one more bag of peanuts is the number of candy bars you have to give up to obtain that additional bag of peanuts. Again, this is determined by the slope of the budget line and would be expressed in terms of candy bars.

3. Do These Opportunity Costs Rise, Fall, or Remain Constant?

   • In a typical budget line scenario with constant prices, the opportunity costs remain constant as additional units are purchased. This is because the slope of the budget line, which represents the opportunity cost, does not change unless there is a change in prices or income.

4. Does the Budget Line Tell You Which of the Available Combinations to Buy?

   • The budget line itself does not tell you which combination to buy; it only shows the combinations that are affordable given your budget. The choice of which combination to buy depends on your preferences and utility maximization.

5. Effect of Winning $30 Instead of $15 on the Budget Line:

   • If you win $30 instead of $15, your budget increases, allowing you to purchase more of both goods. The slope of the budget line remains the same because the relative prices of the goods have not changed, but the line shifts outward, indicating a higher level of consumption is possible.

In summary, the opportunity costs are determined by the slope of the budget line and remain constant unless there is a change in prices or income. The budget line shows affordable combinations but does not dictate which to choose. An increase in budget shifts the line outward without changing its slope.