The Gates family is a representative wealthy family of New York. They spend their daily income of 1,200 on food and other goods. The price of one unit of food and the price of one unit of other goods are both equal to 1. U6300: Microeconomics for International and Public Affairs Fall 2023 3 a) Putting food on the x-axis and other goods on the y-axis, draw the Gates' budget constraint. Make sure that you indicate the numerical value of both intercepts. What is the numerical value of the opportunity cost of food in terms of other goods? Write the equation of the Gates' budget line