Suppose a consumer has M = $40 to spend.

3. {14 total points} Suppose a consumer has M= $4- to spend. The price ofGood X is Px= $2 and the [rice ofGoo-d Y is P1; = $5. a] {6 points} Draw 1he consumer's budget constraint. Be sure to label your graph accurately, and identify the vertical and horizontal intercepts. {Please put the quantity chood Y on the Yaxis, and the quantitgpr of Good X on the Iii-axis]. b} {2 points] What is the MRT'? MET = c) (6 points) Suppose the government wants to limit the amount of Good X that is purchased, so they enact a program where the price of Good X goes up to $4 for any amount of Good X greater than X = 10 units. So Py = $2 if X 10. Draw the consumer's budget constraint. Be sure that your graph is accurate and carefully labeled