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Microeconomics

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Ice Cube and Ice-T Prices from Budget Constraint

MICRO-AVE141

Based on the following graph of Jackson's budget constraint, if Jackson has a budget of \$15 to spend on ice cubes and cups of ice tea, determine the price of ice cubes and cups of ice tea.

Do not use a dollar sign in your solution (e.g. input 1, instead of \$1).