Problem 12 Recall Tanner, who wants to allocate his time in studying for midterms in his survival skills class. There are two midterms in the class, and Prof. Pear Grylls will

use the minimum of two midterm scores for the final grade. Tanner has 1200 minutes to study for both exams. Tanner knows that he will get zero, if he doesn't study at all for the first exam, and he will get zero, if he doesn't study at all for the second exam. He knows that every minutes spent of studying for the first exam will bump his grade on the first exam by 1 point. He also knows that every 20 minutes spent of studying for the second exam will bump his grade on the second exam by 1 point. a) On the graph, draw Tanner's "budget line" showing various combinations of scores on midterm1 and midterm 2 that he can achieve with 1200 minutes of studying./nb) On the same graph, draw two indifference curves. c) Draw a straight line that goes through the kinks in Tanner's indifference curves, write its equation: _. Label the point where this line crosses Tanner's budget constraint with A. d) Draw Tanner's indifference curve through A. Comme e) Write an equation for Tanner's budget line. f) Solve equations in (c) and (e) to determine the intersection of these lines. What is the intersection point (x₁,x₂)? g) Given that Tanner has 1200 minutes to study, Tanner will maximize his final grade by spending how many minutes on studying for each midterm?