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Burt's utility function is U(x1, x2)= min{x1,x2}. The price of good 1 is 10, the price of good 2 is 20, the income is 1200.

Burt's utility function is U(x1, x2)= min{x1,x2}. The price of good 1 is 10, the price of good 2 is 20, the

income is 1200.

a. Draw indifference curves and budget line.

b. Find the optimal consumption bundle.

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