<\/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",
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"edition": "6th Edition",
"authors": "Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young",
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"question_posted": "2024-06-20 22:03:17",
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