econ 2p23 question

1. The province wishes to upgrade the technology used by universities and will subsidize your university $2 for every $ 1 they spend on technology up to a maximum of $16800. The university's budget is $12000. The price of technology (X) is $120 and the price on non- technology (Y) is $40. Carefully draw all the budget lines labeling all points of interest. Show work ( 15 marks) 120 a) At what point is the grant exhausted (where the university obtains the maximum grant)? b) What is the amount of the conditional grant? c) With an unconditional grant of the same dollar amount, how much better off would you be compared to the conditional grant