The province wishes to upgrade the technology used by universities and will subsidize your university $2 for every $1 they spend on technology up to a maximum of $16800. The university's budget is $12000. The price of technology (X) is $120 and the price on non-technology (Y) is $40. Carefully draw all the budget lines labelling all points of interest.

The province wishes to upgrade the technology used by universities and will subsidize your university $2 for every $1 they spend on technology up to a maximum of $16800. The university's budget is $12000. The price of technology (X) is $120 and the price on non-technology (Y) is $40. Carefully draw all the budget lines labelling all points of interest. Show work. Y 30'.) non- technolagy 280 260 240 220 200 180 160 140 200 220 240 260 280 300x technology a. At what point is the grant exhausted {where the university obtains the maximum grant)? b. What is the amount of the conditional grant? c. With an unconditional grant of the some dollar amount, how much better off would you be compared to the conditional grant