Multiple Choice
Bundle J contains 10 units of good X and 5 units of good Y. Bundle K contains 5 units of good X and 10 units of good Y. Bundle L contains 10 units of good X and 10 units of good Y. Assume that the consumer's preferences satisfy the four properties of indifference curves. The price of X is $1, the price of Y is $2, and the consumer has an income of $20. Which bundle will the consumer choose?
A) Bundle J
B) Bundle K
C) Bundle L
D) Either bundle J or bundle K
Correct Answer:

Verified
Correct Answer:
Verified
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