Suppose a consumer has preferences represented by the utility function U(X,Y) = X2Y Suppose PY
= 1, and the consumer has $300 to spend. Draw the Price-Consumption Curve for this consumer for income values PX= 1, PX= 2, and PX= 5. Your graph should accurately draw the budget constraints for each income level and specifically label the bundles that the consumer chooses for each income level. Also, for each bundle that the consumer chooses, draw the indifference curve that goes through that bundle. Make sure to label your graph carefully and accurately.
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