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Suppose Max has $100 to spend on chocolate bars and diet cokes. The price of chocolate bars is $1. The first 10 diet cokes cost

Suppose Max has $100 to spend on chocolate bars and diet cokes. The price of chocolate bars is $1. The first 10 diet cokes cost $2 each but every diet coke after that is only $0.50 each. (a) Draw the budget set. 1 (b) In total, Max can purchase 170 diet cokes. What is the opportunity cost for the i. first diet coke? ii. 10th diet coke? iii. 11th diet coke? iv. 170th diet coke?

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