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Refer to the Following Graphs of a Consumer's Indifference Map

Question 70

Multiple Choice

Refer to the following graphs of a consumer's indifference map and budget lines and possible demand curves:
Refer to the following graphs of a consumer's indifference map and budget lines and possible demand curves: The price of Y is $50. -If the price of X is $10, what combination of X and Y will a utility-maximizing consumer choose? A) 400X, 100Y B) 800X, 130Y C) 850X, 130Y D) 1,000X, 100Y E) none of the above

The price of Y is $50.
-If the price of X is $10, what combination of X and Y will a utility-maximizing consumer choose?


A) 400X, 100Y
B) 800X, 130Y
C) 850X, 130Y
D) 1,000X, 100Y
E) none of the above

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