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Use the Indifference Curves and the Budget Lines in Figure

Question 114

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Use the indifference curves and the budget lines in Figure 19.3 to answer the indicated question.Assume the price of Y is $1 per unit.If the price per unit of good X is $3,the consumer would maximize utility at point Use the indifference curves and the budget lines in Figure 19.3 to answer the indicated question.Assume the price of Y is $1 per unit.If the price per unit of good X is $3,the consumer would maximize utility at point A) A. B) B. C) C. D) D.


A) A.
B) B.
C) C.
D) D.

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