1. (24 points)Suppose a consumer has preferences represented by the utility function U(X,Y) = MIN[X,2Y]. Suppose P_X = 1 and P_Y = 2. Draw the Income Consumption Curve for this consumer for income values M = 100, M = 200, and M = 300. Your graph should accurately draw the budget constraints for each income level and specifically label the bundles that the consumer chooses for each income level. Also, for each bundle that the consumer chooses, draw the indifference curve that goes through that bundle.