Intermediate Microeconomics - Statistics Assignment Help

Assignment Task

Question 
a) Sketch a set of two indifference curves for Sally in her consumption of X and Y corresponding to the values of 1 = 60 and 2 = 72. 
b) Write the expression for Sally's budget constraint. Graph the budget constraint. Determine and interpret its slope.
c) Determine the X,Y combination which maximizes Sally's utility, given her budget constraint. 
d) Show diagrammatically your answer in 
e) Calculate the impact on Sally's optimum market basket of an increase in the price of X to £15. What would happen to her utility as a result of the price increase

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