Problem
Alan can spend $10 a week on snacks. He likes ice cream, which costs $1 per ounce, and popcorn, which costs 40 cents per ounce. Draw Alan's budget constraint and indifference curves (assuming that each of his indifference curves has a declining MRS) and show his best choice. Now imagine that his older sister Alice hates ice cream but always steals half his popcorn. How does this problem change Alan's budget constraint? On the indifference curves you've drawn, show his new best choice.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.