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Question: 4 colonel pickering likes to consume crisps and soda in...

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4. Colonel Pickering likes to consume crisps and soda in the fixed proportion of 2 cans of soda (s) for each bag of crispS (C) a. Graph one of Colonel Pickerings indifference curves in a diagram with bags of crisps (c) on the horizontal axis and cans of soda (s) on the vertical axis. Write down a utility function U(G, s) that represents these preferences. b. If the price of soda is $I per can, the price of crisps is $4 per bag, and Colonel Pickering has a total income of $18, what is Pickerings utility maximizing combination of bags of popcorn and bags of crisps!

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