Let c denote "bread" consumption and q denote housing consumption

Let c denote "bread" consumption and q denote housing consumption in square feet of floor space. Suppose that a unit of bread costs $1 and that q rents for $1.80 per square foot. The consumer's budget constraint is then c + 1.8q = y, wherey is income, which equals $2,000 per month. a. Plot the budget line, putting q on the vertical axis and con the horizontal axis. Label your graph. What is the budget line's slope? b. Draw an indifference curve, showing the optimal choice for a hypothetical consumer, where the optimal choice of q is less than 500 square feet. (. Suppose that minimum housing-consumption constraint maintains that q must be 600 square feet or larger. Show the portion of the budget line that is inaccessible to the consumer under this constraint. Assuming the consumer rents the smallest possible dwelling, with q = 600, what is the resulting level of bread consumption? d. Assuming the BOO-square-foot minimum dwelling size restriction, calculate the individual's utility if homeless and also the individual's utility if consuming a dwelling that just meets the required minimum. What will the consumer choose? Explain