1. Ann loves watching basketball. One ticket for a game at MSG stadium (good X) costs $50.She needs one round trip bus ticket for each game that she attends which cost $40 (good Y). Her budget is $600.
2. Draw Ann's budget line for good X and good Y.
3. What is Ann's utility function for good X and good Y.
4. Solve Ann's optimal bundle of good X and good Y.
5. Draw the indifference curve that Ann's reaches for her optimal bundle.