1. (24 Total Points) Suppose a consumer's utility function is given by U(X, Y) = X12*Y12. Also, the consumer has $18 to spend, and the price of Good X, Px =$1. Let Good Y be a composite good whose price is Py =$1. So on the Y-axis, we are graphing the amount of money that the consumer has available to spend on all other goods for any given value of X f) (14 points) In the space below, draw on a graph the . original budget constraint (draw this in black) new budget constraint (draw this in green) . compensated budget constraint (draw this in red) Also, on your graph, indicate the optimal bundle on each budget constraint. Label the optimal bundle on the original budget constraint X* and Y* . Label the optimal bundle on the new budget constraint X* * and Y* * . Label the optimal bundle on the compensated budget constraint XC and YC In order to receive full credit, your graph must be neat, accurate, and fully labeled