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Imagine yourself as a parent. Your child's income is $9,000 which is spent on food (Y) and non- food (X) such as entertainment. The price

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Imagine yourself as a parent. Your child's income is $9,000 which is spent on food (Y) and non- food (X) such as entertainment. The price of food is $900 and non-food $300. You want your child to party less and to do well in school. You are therefore giving your child a conditional grant of $2 for every $1 spent on food up to a maximum of $12,600. Carefully draw the new budget line labelling all points of interest. Y (food) 75 68 26 60 24 20 18 30 16 20 14 12 10 2 8 10 12 14 16 18 20 22 24 26 28 30At what level of Y and X is the conditional grant exhausted. That is at what levels on and X do you receive the maximum grant of $12,600? Yami With the conditional grant, how much better off (in utils] is your child? What dollar amount are you giving your child? $ If you gave your child the same amount of cash without any conditions, that is, unconditionally, would they be better off than with the conditional grant? If so, by how much

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