Question: 2. (24 points) Suppose a consumer has preferences represented by the utility function U[X,Y] 2 KEY Suppose Py = 1, and the consumer has $180

 2. (24 points) Suppose a consumer has preferences represented by the

2. (24 points) Suppose a consumer has preferences represented by the utility function U[X,Y] 2 KEY Suppose Py = 1, and the consumer has $180 to spend. Draw the Price-Consumption Curve for this consumer for income values P3 = 1, P}; = 2, and P); = 5. Your graph should accurately draw the budget constraints for each income level and specifically label the bundles that the consumer chooses for each income level. Also, for each bundle that the consumer chooses, draw the indifference curve that goes through that bundle. Make sure to label your graph carefully and accurately

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