The same consumer from the previous question. This consumer has $6 to spend on soda. 1 ounce of cherry soda costs $0.5, and 1 ounce of grape soda costs $0.6.

(a) Draw an indifference curve/budget line diagram describing this consumer's choice problem. This should be a new diagram, not the same one as the previous question. Include in your diagram the following:

IC1: The indifference curve containing the consumer's optimal choice bundle. Label any and all intercepts with numerical values.

BL: The budget line corresponding to the consumer's budget and prices. Label any and all intercepts with numerical values.

The optimal (utility-maximizing) consumption bundle (C , G ).

(b) Give the numerical values of (C , G ).

(c) Is MRS equal to relative price when this consumer is purchasing their optimal choice bundle?