Quantity of X Graph Optimal Amount of X by Price of X from the Indifference Curve/Budget Constraint Graph on the previous page. O + N O Price of XIndifference Curves 14 Quantity of Y N O O 9 N A 14 18 20 22 26 28 30 32 34 38 Quantity of X . U-259.808 U-91.856 cowDID U-32.476 U-17.678 Step 1 Step 2: Label Optimal Bundle Draw 4 Budget Constraints X* for EACH price of X M = 100 Utility Function Py = 10 U = X1.5 * Y^0.5 Px = 2.5, 5, 10, 15 101. Utility Function: The utility function givenis U = X% x Y5 where X and Y' are the quantities of two goods. 2. Budget Constraint: You have a budget constraint given by Al = 100, and you're varying the price of good X (Py) while keeping the price of good Y (Py-) constant at10. 3. Optimal Bundle: You need to find the optimal bundle (the combination of X and Y that maximizes utility) for each price of X under the given budget constraint. This involves solving the utility maximization problem subject to the budget constraint. 4. Step 1: It seems like you're listing the quantities of good Y for different values of X. 5.Step 2: Then, you're labeling the optimal bundle for each price of X. 6. Draw Budget Constraints: You're asked to draw four budget constraints, each corresponding to a different price of X, on a graph where X and Y are the axes. To proceed further, you'll need to calculate the quantities of X and Y for each price of X using the utility maximization problem and the budget constraint. Once you have those quantities, you can plot the budget constraints and identify the optimal bundles for each price of X. If you need help with any specific calculations or steps, feel free to ask