Question: Joseph's utility function is given by: U(xA, xB)=3xA+2xB, where xA denotes his consumption of apple and xB denotes his consumption of bananas. a) What is

Joseph's utility function is given by: U(xA, xB)=3xA+2xB, where xA denotes his consumption of apple and xB denotes his consumption of bananas. a) What is the Joseph's Engel curve for xA if pA=2 and pB=1. Make sure to label the axes and indicate the slope of the Engel Curve. b) Suppose the price of xB is $1 (that is, pB=1) and price of xA is unknown (pA can be any dollar value). Graph the own-price demand curve for xA, depicting the relationship between the price of xA and the quantity demanded of xA. Explain your graph.

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