2. An airline company offers the following frequent yer program to its customers. For the rst 30,000 miles own each year, customers pay full fare. For the next 20,000 miles own during the year, the fare is reduced by 20 percent; for all ights beyond that, the fare is reduced by 50 percent. There are two goods, miles own and other goods. The price of a mile is p = 0.1 and the price of other goods is also 0.1. Let I = 5000 be income. Draw the budget constraint faced by an agent, plotting miles own on the horizontal axis and the other goods on the vertical axis. Be precise. (2 points)