Lrecommend finishing deriving and the part c. first, leave drawing the graph at the end. Jack enjoys reading also drinking Coke. A digital book on Kindle on average costs him $2 and a small bottle of Coke costs him $1. Denote the quantity of digital book Jack purchases as quantity of Coke as C. Jack has $30 in his pocket and he has utility function: u(B.C) - B0.5c0.5 and the dxyb --bxyb -1 dy Note: Put Cat the y-axis and B at the x-axis. For this form of the utility function, we have a. Derive and graph the indifference curve associated with John'S utility level of 5 and 15. b. Derive and graph the budget line on the same graph. C. Find John's utility maximizing choice of number of books and bottle of Coke he will consume, and the corresponding optimal utility level. Bonus Question. If the price of Coke increases to $2, how much money should John get to maintain the same level of utility (as in part c.)? Attach File Browse My Computer Browse Content Collection