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2. Oscar the Grouch who lives in a garbage can on Sesame Street likes garbage. He consumes only two commodities garbage and Taylor Swift CDs.

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2. Oscar the Grouch who lives in a garbage can on Sesame Street likes garbage. He consumes only two commodities garbage and Taylor Swift CDs. Contrary to popular belief, however, Oscar docan't ac- Lually cach the garbage. He simply uses it to feed his pets, including Slimey the worm and Fluffy the Elephant. Instead, Oscar actually cats Taylor Swift CDa. People pay Oscar $4 per bag to take their garbage, while Oscar pays $12 for a pack of unused Taylor Swift CDs. Oscar has no other job because he stinks, doesn't receive welfare because his trash can is too dirty, and is estranged from his parents. (a) If Oscar takes in no garbage, how many Taylor Swift CDs can he buy? (b) If Oscar takes in 15 bags of garbage, how many Taylor Swift CDs can he buy? (c) Write down an equation for Oscar's budget constraint. (d) Sketch Oscar's budget line, and lightly shade in his budget set. (c) What term would you use to describe the relationship between garbage and Taylor Swift CDs for OHCAT

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