7. *x* 22 Let G = 2. Compute the equilib rium. Tip I've left you figure i just to help you check your answer. Do not quote it in your an- swer, which should be derived from the equilib rium conditions, not from a graph. You can solve items 1 and 3 combined (slower), or item 6 alone (quicker). If you go for the latter, be sure to quote an appropriate theorem in your answer. 14 51 Indifference Curves Budget Constraint 12 C=zF(K, h-I)-G 54 10 45 8 C [baskets] 51 40 2 39 A -42- 45- 33 . O -2 0 200 400 600 800 1000 I [hours] Figure 1. Numbers on the curve indicate the utility level