Econ

Suppose that Jane enjoys Honey in her Tea. She has very particular preferences, and she must have exactly two spoonfuls of Honey for each cup of Tea (she considers Honey and Tea to be perfect complements). Let T be the number of cups of Tea, and H be the number of spoonfuls of Honey. Suppose the price of Honey is PH = $0.10 per spoonful, and the price of Tea is PT = $1.00 per cup. Graph Jane's Income Consumption Curve for incomes, M = $12.00, M = $24.00, and M = $36.00. Make sure to graph the budget constraint for each level of income and identify the optimal bundle for each level of income. Please put the number of cups of Tea (T) on the horizontal axis, and the number of spoonfuls of Honey (H) on the vertical axis. Be sure to label your graph carefully and accurately