Suppose there are two goods X and Y. Eddie's utility function is given by U(X,Y)=2X+3Y. Marginal utilities are MUy = 2, MU, = 3. The price of X and Y are $2 and $4, respectively. His total budget is $40. (1) Write down the equation for Eddie's budget line. Draw it on a graph with proper labelling (put X on the horizontal axis). What is the slope of this budget line? (2) Draw three representative indifference curves, labelling your graph properly. (3) What bundle will Eddie purchase? Explain and illustrate on a graph. At the optimal bundle, how does Eddie's MRS compare to the rate at which I can substitute one good for another long the budget line