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2. Use the following graph showing a consumer's budget line and some indifference curves to answer the following questions (a through B}. You must show

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2. Use the following graph showing a consumer's budget line and some indifference curves to answer the following questions (a through B}. You must show work. The consumer"; income is $30!}. QuanllhtalY 1 0 2C! 30 4t! 5t! Quantity of): Given the information provided: "What is the price of Good X? What is the price of Good Y? How did you nd your answers? Hint: use the intercepts. By looking at the graph, if the consumer is making an optimal choice, approximatety how many units of Good X should he or she consume and how many units of Good Y should he or she consume? Why? At the optimal consumption bundle, what is the Marginal Rate of Substitution? Explain how you found this answer. Hint: take advantage afthefact that m0 tangent curves have the same stops at that point. Suppose that the consumer is currently at bundle B. Explain why bundle B is not the optimal choice for the consumer. Given the consumer's income, is the consumer able to reach indifference curve H1? Explain your

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