Consider Tasmanian two-adult household with no children with a monthly budget for recreation (including holidays) of $1800, that they spend on X, nights of Tasmanian holiday (with associated accommodation, food, activities) and Y all other recreation.The price of X is $600 per night.

Assume that households are only able to purchase whole nights of holidays, not halves or any other fractions of nights.

The Tasmanian state government introduced travel vouchers to assist Tasmanian tourist related businesses. Read the article https://www.examiner.com.au/story/6937914/new-round-of-travel-vouchers/ . Assume that households receive and redeem Tasmanian Government's tourism vouchers and are able to use their vouchers on the same night.

a.Draw four diagrams (see below) showing the BC prior to the voucher and after the voucher.You may draw the BCs as a continuous lines.

i.In the first diagram, draw the indifference curves for a household that initially did not choose to take a Tasmanian holiday, but then chooses to take a 1-night Tasmanian holiday with the voucher.

ii.In the second diagram, draw the indifference curves for a household that initially did not choose to take a Tasmanian holiday, and still does not choose to take a Tasmanian holiday.

iii. In the third diagram, draw the indifference curves for a household that initially choose to take a 1-night Tasmanian holiday, but then chooses to take a 2-night Tasmanian holiday with the voucher.

iv. In the fourth diagram, draw the indifference curves for a household that initially choose to take a 1-night Tasmanian holiday, and still chooses to take a 1-night Tasmanian holiday with the voucher.