4. Indifference Curve and Budget Line Annie has an income of $160 an hour. Popcorn costs $5 a bag, and costs $4 a six-pack of energy drink A). Draw a graph of Annie's budget line with six-pack of energy drink on the x- axis, and popcorn on the y-axis. b.) If we know that Annie maximizes her utility with the purchase of 20 bags of popcorn, how many six-pack energy drink she will purchase? (an estimate from your graph & actual calculation), draw an indifference curve reflecting this optimum.

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Q: M1

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A: * SOLUTION :-  (4)

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