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(Solved): **PLEASE DRAW IT**
Problem 3. [15 points] Suppose commodity 1 is a good until the quantity x1 ...
**PLEASE DRAW IT**
Problem 3. [15 points] Suppose commodity 1 is a good until the quantity x1??, after which it becomes a bad. In other words, x1?? is the perfect amount of commodity 1 . Suppose that you can't get enough of commodity 2 . That is, commodity 2 is always a good. a. Draw an indifference curve for this scenario and clearly label x1?? on your graph. b. Why does it look like this? Briefly explain.