Vasco likes spare ribs, R, and fried chicken, C. His utility function is U(C, R)=30R%C. His weekly income is $450, which he spends on only ribs and chicken. If he spends $50.00 for a slab of ribs and $25.00 for a chicken, what is his optimal consumption bundle? Vasco's optimal value of ribs is R = 6 units. (Enter a numeric response using a real number rounded to two decimal places.) His optimal value of chicken is C = 5.99 units. Suppose the price of chicken increases to $50.00. How does his optimal consumption of chicken and ribs change? Vasco's optimal value of ribs is R= 6 units. His optimal value of chicken is In the figure to the right: 1.) Using the line drawing tool, draw Vasco's initial budget constraint and label it L. 2.) Using the line drawing tool, draw his new budget constraint and label it L, . 3.) Using the point drawing tool, indicate Vasco's initial optimal consumption bundle and label it e . 4.) Using the point drawing tool, indicate his new optimal consumption bundle and label it e;. Carefully follow the instructions above, and only draw the required objects. Ribs / | 6 8 10 Chicken 12 14