Question 5) [s the diagram below a correct representation of the consumers preferences if X is a good and Y is a bad? Explain. (Be sure to discuss both the shape of the indifference curves and tuta] utility.) [5 marks] Y Question 6) At the current combination of X and Y the consumer's MUK=7 and MU!.=4. If P53 and P52, is the consumer maximizing their satisfaction? If not, explain in detail what the consumer should do, and illustrate