Fast please

1. Suppose that Jones and Smith have each decided to allocate $1000 per year to an entertainment budget in the form of hockey games ($20 per hockey game} or rock concerts ($50 per concert). They both like hockey games and rock concerts and will choose to consume positive quantities of both goods. However, they differ substantially in their preferences for these two forms of entertainment. Jones prefers hockey games to rock concerts, while Smith prefers rock concerts to hockey games. a. Draw a set of indifference curves for Jones and a second set for Smith along with their budget constraint (Rock concert on the vertical axis & Hockey game on the horizontal axis). 05 b. Using the concept of marginal rate of substitution, explain why the two sets of curves are different from each other 1while identifying their maximum satisfaction level? 05