2. Consider Katie's preferences for magazines and ice cream cones. Several "consumption bundles\" are shown in the table below. Bundle Ice Cream Cones Magazines mmnwnwmm Suppose Katie has a monthly allowance of $18 that she chooses to divide between magazines and ice cream cones. Magazines cost $3 each and ice cream cones cost $2 each. a. For each of the consumption bundles shown in the table, compute the total expenditure. Which ones can Katie afford, and which ones can't she afford? b. Draw Katie's budget line. Also, determine the relative price of each commodity. c. If the price of magazine is doubled, what happens to relative price of each commodity? Provide a numerical value