Jack consumes one-hundred steaks and fifty glasses of coca-cola when the price of a steak is \$2 and the price of a glass of coca-cola is \$4. If the price of steak rose to \$5 and the price of a glass of coca-cola rose to \$8, what is the smallest amount of additional income that Jack would need in order to still be able to afford his original consumption bundle? (Assume that Jack's preferences are locally non-satiated.) Question 25Select one: a. None of the other alternatives are correct. b. \$1,050. c. \$700. d. \$500. e. \$350