The concentration of the active ingredient, sodium hypochlorite, in Clorox is twice that of the generic...

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The concentration of the active ingredient, sodium hypochlorite, in Clorox is twice that of the generic brand. Consequently, Chris views one cup of Clorox to be a perfect substitute for two cups of the generic. If Clorox costs $18.00 per gallon, the generic costs $3.00, and Chris allocates Y = $36.00 per year, what bundle does Chris buy? If the price of Clorox falls to $6.00, how does Chris's behavior change? Assume for simplicity that one gallon of generic bleach corresponds to one unit of utility for Chris. Draw representative indifference curves. 1.) Using the line drawing tool, draw the indifference curve for Chris that corresponds to 10 units of utility. Label the curve '110, 2.) Using the line drawing tool, draw the indifference curve for Chris that corresponds to 12 units of utility. Label the curve 1¹2. 3.) Using the line drawing tool, draw the indifference curve for Chris that corresponds to 14 units of utility. Label the curve 114, Carefully follow the instructions above, and only draw the required objects. Clorox bleach, gallons per year 15- 144 134 12- 11- 10- 9- 3- 2- 1- 0- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Generic bleach, gallons per year The concentration of the active ingredient, sodium hypochlorite, in Clorox is twice that of the generic brand. Consequently, Chris views one cup of Clorox to be a perfect substitute for two cups of the generic. If Clorox costs $18.00 per gallon, the generic costs $3.00, and Chris allocates Y = $36.00 per year, what bundle does Chris buy? If the price of Clorox falls to $6.00, how does Chris's behavior change? Assume for simplicity that one gallon of generic bleach corresponds to one unit of utility for Chris. Draw representative indifference curves. 1.) Using the line drawing tool, draw the indifference curve for Chris that corresponds to 10 units of utility. Label the curve '110, 2.) Using the line drawing tool, draw the indifference curve for Chris that corresponds to 12 units of utility. Label the curve 1¹2. 3.) Using the line drawing tool, draw the indifference curve for Chris that corresponds to 14 units of utility. Label the curve 114, Carefully follow the instructions above, and only draw the required objects. Clorox bleach, gallons per year 15- 144 134 12- 11- 10- 9- 3- 2- 1- 0- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Generic bleach, gallons per year