Sonia is a senior in high school and tutors some of the kids in her neighborhood. She works 5 hours a week and earns $11/hour. Sonia hasn’t hung out with her friends in a long time, and she’s excited to grab dinner and watch a movie with them on Friday, which will cost $40. She also wants to buy her mom a $50 necklace her mom has been wanting for her birthday gift on Sunday. a. Will Sonia have enough money to go out with her friends and buy her mom a birthday present by the end of the week? No Sonia will not have enough money to hang out with her friends and buy a present for her mom
b. What tradeoffs will Sonia have to think about as she makes her decision on what to spend her money on?
c. How do you think Sonia should spend her money? Explain.