Question: Linus has the utility function U(x, y) = x + 3y. (a) On the graph below, use blue ink to draw the indifference curve passing
(a) On the graph below, use blue ink to draw the indifference curve passing through the point (x, y) = (3, 3). Use black ink to sketch the indifference curve connecting bundles that give Linus a utility of 6.
(b) On the same graph, use red ink to draw Linus’s budget line if the price of x is 1 and the price of y is 2 and his income is 8. What bundle does Linus choose in this situation? ______.
(c) What bundle would Linus choose if the price of x is 1, the price of y is 4, and his income is 8? _______.
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