Linus has the utility function U(x, y) = x + 3y. (a) On the graph below, use
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(a) On the graph below, use blue ink to draw the indifference curve passing through the point (x, y) = (3, 3). Use black ink to sketch the indifference curve connecting bundles that give Linus a utility of 6.
(b) On the same graph, use red ink to draw Linus’s budget line if the price of x is 1 and the price of y is 2 and his income is 8. What bundle does Linus choose in this situation? ______.
(c) What bundle would Linus choose if the price of x is 1, the price of y is 4, and his income is 8? _______.
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