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Mitchell's Money Income Is $150, the Price of X Is

Question 67

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Mitchell's money income is $150, the price of X is $2, and the price of Y is $2.Given these prices and income, Mitchell buys 50 units of X and 25 units of Y.Call this combination of X and Y bundle J.At bundle J Mitchell's MRS is 2.Given these prices and income, what is Mitchell's equilibrium consumption of X?


A) X < 50.
B) X = 50.
C) X > 50.
D) none of the statements associated with this question are correct.

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