Exercise 1. Charlie has an income 17:. = 40 and can consume books or movies. The price of a book is 105 = 4, the one of metries is pm = 8. 1. Write down Charlie's budget constraint. Represent the constraint on a graph, highlighting the budget set, the budget line and an example of affordable, exactly affordable and not affordable bundles. Make sure to identify the horizontal and vertical intercepts and the slepe of the budget line