Answer 2 Points Consider the following scenario. leff has a budget of 16 per week that can be spent on apples and oranges. The cost of apples is 1 per apple, and the cost of oránges is 2 per orange. Which of the following combinations of apples and oranges lies on Jeff's budget constraint?Select the best answer. 8 apple(s) and 4 orange(s) 8 apple(s) and 8 orange(s) 6 apple(s) and 4 orange(s)

To determine which combination of apples and oranges lies on Jeff's budget constraint, we need to calculate the total cost for each combination and see if it equals Jeff's budget of $16.<br /><br />1. **8 apples and 4 oranges:**<br /> - Cost of 8 apples = \(8 \times \$1 = \$8\)<br /> - Cost of 4 oranges = \(4 \times \$2 = \$8\)<br /> - Total cost = \$8 + \$8 = \$16<br /><br />2. **8 apples and 8 oranges:**<br /> - Cost of 8 apples = \(8 \times \$1 = \$8\)<br /> - Cost of 8 oranges = \(8 \times \$2 = \$16\)<br /> - Total cost = \$8 + \$16 = \$24<br /><br />3. **6 apples and 4 oranges:**<br /> - Cost of 6 apples = \(6 \times \$1 = \$6\)<br /> - Cost of 4 oranges = \(4 \times \$2 = \$8\)<br /> - Total cost = \$6 + \$8 = \$14<br /><br />The combination that lies on Jeff's budget constraint is **8 apples and 4 oranges**, as the total cost is exactly \$16.