Question 1 Consider an individual with a budget Y to spend on either electricity (x1) or other goods (*2). A unit of electricity costs p, and a unit of other goods costs P2. The individual can choose how many units of electricity and other goods they want to consume, subject to their budget constraint. Assume they prefer to spend their total budget and do not want to use this budget for any other purpose (eg. savings). Illustrate the individual's consumption choice problem on a diagram with electricity consumption on the horizontal axis and consumption of other goods on the vertical axis. Your diagram should include a feasible frontier (representing the budget constraint) and at least one indifference curve. Explain what your diagram shows, including what the slopes of the feasible frontier and indifference curve represent, and what the optimal consumption bundle is for this individual.