Indifference Curve That Passes Through The Consumer's Optimal Consumption
Consider two goods that are perfect complements such that the consumer wants to consume three (3) units of good Y with every five (5) units of good *
The consumer's income is $300, the price of good X is $2, and the price of good Y is $30.
"Sketch" the consumer's budget line and indifference curve that passes through the consumer's optimal consumption bundle by. providing the
following information:
(1) What variable would be on the Y axis?
(li) What variable would be on the X axis?
(Ill) What is the y-intercept for the budget line?
(IV) What is the x-intercept for the budget line?
(V) In a sentence or two, describe the shape of the indifference curve.