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ou have two goods food and Shelter. When you have vertical axis for the number of...

ou have two goods food and Shelter. When you have vertical axis for the number of food and horizonal axis for the number of shelters. Assume you have MRS = 3in this case.a)What does it mean by MRS of food (on the vertical axis) for shelter (on the horizontal axis) =3?b)if the price of food is 5, and if the shelter price is 10, then the consumer is not maximizing his utility. Sketch a budget line, assuming the consumer has $100 to spend, and draw in a possible indifference curve that illustrates the situation described here. Then, on the same graph, show with a simple sketch what could be done to correct the problem.

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