For this question you are required to draw graphs. Please make sure that the graph is large in size so that all the details can be easily noted. Vasco likes spareribs, R, and fried chicken, C. His utility function is U (C, R) = 30R2C. His weekly income is $180, which he spends on only ribs and chicken. a. If he spends $20.00 for a slab of ribs and $10.00 for a chicken, what is his budget constraint? b. Given the information, what is optimal consumption bundle? Show all your algebraic work step by step for full credit. c. Draw the corresponding the indifference curve and budget constraint. Make sure that you label the slope and intercept of the budget constraint. Also indicate the optimal commodity bundles. d. Now suppose the price of chicken increases to $40.00. How does his optimal consumption of chicken and ribs change? Show all your algebraic work step by step for full credit. e. On the same graph as in Part c, draw the changes that will come about from the information in Part c. Make sure that you label the new slope and the new intercept of the budget constraint. Also indicate the new optimal commodity bundles. f. Using the information from the graphs plotted in parts b and c, graphically derive the demand curve for chicken. Label the axes appropriately. g. Also draw the price consumption curve (PCC) in the graph in Part c