Question: 4- {If} pm) a. Write the necessary condition (NC) for the consumer's optimization problem and illustrate it by using a graph. 13. Provide a! least

4- {If} pm) a. Write the necessary condition (NC) for the consumer's optimization problem and illustrate it by using a graph. 13. Provide a! least two interpretations of the NC (explain what this condition means in words). c. In the graph you drew for part {a}, mark a consumption bundle that is not optimal (Le. does not satisfy the NC} and discuss why it is not optimal

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Values: What is important to me?

Purpose: What do we seek to achieve with our behaviour?

An action plan is prepared.