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(b) On each budget line in the graph above, label the optimal bundle for a consumer that feels that these goods are perfect complements. (In
(b) On each budget line in the graph above, label the optimal bundle for a consumer that feels that these goods are perfect complements. (In other words, this consumer wants exactly equal quantities of good X and good Y). (4 points) . On budget line 1, find the optimal bundle (where X = Y and X + 2Y = 6) - label it A. . On budget line 2, find the optimal bundle (where X = Y and X + 2Y = 12) - label it B. (c) Draw the income-offer curve in the graph above. (1 point)on the 2 Income Changes and the Income-Offer Curve + (a) Draw two budget lines in the graph below, and label them 1 and 2. Each budget line has the same prices but different income levels. (4 points) . For budget line 1, prices px = 1, py = 2, 6 = 6 and income m = 6. 1 . For budget line 2, prices px = 1, py = 2, 2 = 3 and income m = 12. 12 X 12 = 12 12 = 6
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