1. {25) Ryan has a monthly income of 5500. He eiurently pays a $100 membership fee to the Oakmont Golf Club each month so that he can play golf there {leaving him with $400 to pay for rounds of golf and a composite commodity. Y). 4 Golf a. The club charges $40 for a round of golf and the price of Y is S 1. Ryan currently plays 4 rounds of golf per month. Compute and mark each intercept and units of Y in the optimal bundle. b. This month. the golf club decided to raise its membership fee to $140 and lower the price of a round of golf to $30. With this change in his budget constraint. can Ryan still aord his original bundle? c. Draw in the new budget line with the new price and membership fee. Compute its intercepts. (1. After this change. will Ryan adjust his optimal bundle to play more of fewer rounds of golf? e. Will he be happier? Use the graph above to explain