economy project

Create a consumer model that shows how economists explains the consumer choice between two products (X & Y) that maximize the consumer utility. Do not use numbers. Just graphs and detailed explanation for the dynamics of the model. Make sure to explain the convexity of the indifference curve and what does it mean.

2.Show why the equilibrium point (tangency) shows the best bundle of X & Y and that any other point will not reflect a bundle that maximize consumers utility.