Q3. Jon is always willing to trade one can of Coke for one can of Sprite, or one can of Sprite for one can of Coke.a. What can you say about Jon’s marginal rate of substitutionb. Draw a set of...

Q3. Jon is always willing to trade one can of Coke for one can of Sprite, or one can of Sprite for one can of Coke.a. What can you say about Jon’s marginal rate of substitutionb. Draw a set of indifference curves for Jonc. Draw two budget lines with different slopes and illustrate the satisfaction-maximizing choice.What conclusion can you draw?