{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-20T22:03:17-04:00", "answer_date": "2024-06-20 22:03:17", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "3370960", "url": "\/study-help\/questions\/1-lisa-is-completely-indifferent-between-pepsi-and-coke-lisa-3370960", "question_creation_date_js": "2024-06-20T22:03:17-04:00", "question_creation_date": "Jun 20, 2024 10:03 PM", "meta_title": "[Solved] 1. Lisa is completely indifferent between | SolutionInn", "meta_description": "Answer of - 1. Lisa is completely indifferent between Pepsi and Coke. Lisa has $6 to spend on pop drinks every week. Pepsi costs $ | SolutionInn", "meta_keywords": "1,lisa,completely,indifferent,pepsi,coke,$6,spend,pop,drinks,week,costs", "question_title_h1": "1. Lisa is completely indifferent between Pepsi and Coke. Lisa has $6 to spend on pop drinks every week. Pepsi costs $1.5 per six-pack and", "question_title": "1. Lisa is completely indifferent between Pepsi and Coke. Lisa has $6", "question_title_for_js_snippet": "1 Lisa is completely indifferent between Pepsi and Coke Lisa has $6 to spend on pop drinks every week Pepsi costs $1 5 per six pack and coke costs $1 per six pack a Draw Lisa's budget line with Pepsi on the x axis and Coke on the y axis b Draw a few of Lisa's indifference curves What is her MRS between coke and pepsi c What is Lisa's optimal consumption bundle d If the price of coke and pepsi are both $1 per six pack, how much of each will Lisa buy 2 For Lisa, peanut butter and jelly are perfect complements she always likes to have 1 serving of peanut butter with 1 serving of jelly She has $10 to spend on peanut butter and jelly every month and peanut butter costs $1 50 per serving, and jelly costs $0 50 per serving Find Lisa's optimal bundle and show it on a IC BL diagram", "question_description": "\"image
\"image<\/div><\/div><\/div> 1. Lisa is completely indifferent between Pepsi and Coke. Lisa has $6 to spend on pop drinks every week. Pepsi costs $1.5 per six-pack and coke costs $1 per six-pack. a. Draw Lisa's budget line with Pepsi on the x-axis and Coke on the y-axis. b. Draw a few of Lisa's indifference curves. What is her MRS between coke and pepsi? c. What is Lisa's optimal consumption bundle? d. If the price of coke and pepsi are both $1 per six-pack, how much of each will Lisa buy? 2. For Lisa, peanut butter and jelly are perfect complements; she always likes to have 1 serving of peanut butter with 1 serving of jelly. She has $10 to spend on peanut butter and jelly every month and peanut butter costs $1.50 per serving, and jelly costs $0.50 per serving. Find Lisa's optimal bundle and show it on a IC-BL diagram", "transcribed_text": "", "related_book": { "title": "Management Accounting Information for Decision-Making and Strategy Execution", "isbn": "137024975, 978-0137024971", "edition": "6th Edition", "authors": "Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/62.jpg", "uri": "\/textbooks\/management-accounting-information-for-decision-making-and-strategy-execution-6th-edition-62", "see_more_uri": "" }, "free_related_book": { "isbn": "9041114955", "uri": "\/textbooks\/laws-affecting-business-transactions-in-the-prc-1st-edition-9789041114952-176822", "name": "Laws Affecting Business Transactions In The Prc", "edition": "1st Edition" }, "question_posted": "2024-06-20 22:03:17", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/consider-the-following-two-ligand-exchange-reactions-a-which-of-the", "description": "Consider the following two ligand exchange reactions: (a) Which of the reactions should have a larger \u00ceS\u00b0? 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Lisa is completely indifferent between Pepsi and Coke. Lisa has $6", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/1-lisa-is-completely-indifferent-between-pepsi-and-coke-lisa-3370960" } ], "skill_details": { "skill_id": "12", "skill_name": "Economics", "parent_id": "1" } } } }