Consider a basket of two goods, good 1 and good 2. Suppose that {I,p1, p2} = {16, 2, 1}, where I is income, 131 is the price of good 1, and 392 is the price of good 2. The utility function is u(x1, x2) = min{xl, x2}. On the same graph, 1. Sketch the budget line. 2. Sketch several indifference curves. 3. Indicate the solution to the utility maximization problem, (x1 *, x2 *) 4. Clearly label your graph and use the parameter values that are given to you