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-In the Above Figure, Which of the Following Statements Is

Question 244

Multiple Choice

-In the above figure, which of the following statements is TRUE? I. The consumer maximizes utility by consuming at point A. II) The marginal rate of substitution at point B and point A are equal because they are on the same budget line. A) only I B) only II C) both I and II D) neither I nor II
-In the above figure, which of the following statements is TRUE? I. The consumer maximizes utility by consuming at point A.
II) The marginal rate of substitution at point B and point A are equal because they are on the same budget line.


A) only I
B) only II
C) both I and II
D) neither I nor II

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