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-Max Has Allocated $100 Toward Meats for His Barbecue

Question 17

Multiple Choice

-Max has allocated $100 toward meats for his barbecue.His budget line and indifference map are shown in the above figure.If Max is currently at point d, A) his MRS is larger than the trade-off offered by the market. B) he is willing to give up more chicken than he has to,given market prices. C) he is not maximizing his utility. D) All of the above.
-Max has allocated $100 toward meats for his barbecue.His budget line and indifference map are shown in the above figure.If Max is currently at point d,


A) his MRS is larger than the trade-off offered by the market.
B) he is willing to give up more chicken than he has to,given market prices.
C) he is not maximizing his utility.
D) All of the above.

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