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Consider a basket of two goods, good 1 and good 2. Suppose that {1,191,192} = {16,2, 1} Where I is income, p1 is the price of good 1, and 192 is the price of good 2. The utility function is u(m1, x2) : min{a:1, 222}. On the same graph, 1. Sketch the budget line. 2. Sketch several indifference curves. 3. Indicate the solution to the utility maximization problem, (m'f, 33;). Clearly label your graph and use the parameter values that are given to you. _._'_.._'_._.._.. COO*NOD-P-UICD -'NCA)4>U103'~JOJ 123456 7'8910111213141516$1