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Problem 1 You have an income of $50 to spend on two commodities. The price of commodity 2 is constant at $1. Assume that what

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ons traint bndget Р. R t 22 5о - and 4 +wuuaftur for 24 2 The bndge* Lina nas kink at 4- 1S intercep (50- 15 x2)+ 15 * 35 Bnd

So44 t*33 2, budget New Time comsiraimt: o 5 X2 = 24 48 222 Bndat consiraint 2x 2xC4- 0.S z^) a, 2 + 24- S = 26 26 .*. S. 13

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