Question: 3. A consumer has a utility function U(x1 , X2 ) = In(x1 ) + x2. The prices are P1 = P2 = 1 and

3. A consumer has a utility function U(x1 , X2 ) = In(x1 ) + x2. The prices are P1 = P2 = 1 and income is m. Compute the optimal consumption bundle. Your answer should depend on m. Draw the Engel curve for good 1. In your graph, place m on the horizontal axis and x, on the vertical axis

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