1. :Consider the following budget constraint for goods X and Y, given income I and prices Px and Py, along with the given indifference curve describing a consumer's preferences over goods X and Y: Budget Constraint: I = PxX+ NY I X a. Does either labeled combination, A or B, provide the consumer with more utility than the other? Explain (5 points) b. Suppose that the Marginal Rate of Substitution at point B is 0.5. Is the ratio of Px to Py larger or smaller than 0.5? Explain. (5 points) c. Provide a brief explanation for why point B is not the utili'g-maximizing combination of x and Y for this consumer, given this income and these prices. (5 points) d. Provide a brief explanation for why point B is not the cost-minimizing combination of x and Y for achieving utility level U, given these prices. (5 points)