Jake likes Coke (C) and Pepsi (P), and he gets one unit of utility from consuming either one Coke or one Pepsi. pc isthe price of Coke and pp is the price of Pepsi. We know that Coke is more expensive than Pepsi (pc > Pp). What isJake's indirect utility?Oa.Pp+PcOb.PPc.PCPPd.PcClear my choiceFiorentina spends 50% of her income on books and the rest of her income on candles. We know that her incomeelasticity of demand for books is 1.5, what's her income elasticity of demand for candles?O a. 1/2O b. 5/6О с. 1O d. 1.2Clear my choice

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Jake likes Coke (C) and Pepsi (P), and he gets one unit of utility from consuming either one Coke or one Pepsi. pc is the price of Coke and pp is the price of Pepsi. We know that Coke is more expensive than Pepsi (pc > Pp). What is Jake's indirect utility? Oa. PrtPc Ob. PP Oc. PCPP O d. Pc Clear my choice