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A consumer buys only X and Y; Px = 3 and Py = 2. I=24. Y a. (2) Graph her budget line with intercepts and

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A consumer buys only X and Y; Px = 3 and Py = 2. I=24. Y a. (2) Graph her budget line with intercepts and formula. b. (2) What does the slope of her budget line equal and formula? c. (1) What does the slope tell us about how much she has to give up of Y to get one more X? d. (1) She is buying 6 X and is on her budget line. How much Y is she buying? Graph this point above. e. (2) The slope of her indifference curve at her choice is -1/5. Graph her indifference curve showing this slope. f. (2) Given e., what is the most she is willing to give up of Y to get one more X? g. (2) If her marginal utility of X is 4, derive (include formula used) what her marginal utility of Y is. h. (6) Explain whether her current choice is her optimal choice. If she changes her choice, explain what she buys more of and why

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