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A consumer allocates her income m = 10 between goods 1 and 2. and she considers them to be perfect substitutes: u{1:1, 332) = $1

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A consumer allocates her income m = 10 between goods 1 and 2. and she considers them to be perfect substitutes: u{1:1, 332) = $1 + $2. The price of good 2 is $1 per unit, and but the price of good 1 is 2331 per unit. That isJ good 1 becomes more expensive if more of good 1 is purchased. (a) Write down an equation expressing the consumer's budget constraint. (b) Draw the budget constraint, labeling the horizontal and vertical intercepts. (c) Draw an indifference curve that passes through the budget constraint. (d) Compute the optimal bundle (ELIE) demanded by the consumer

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