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Ann's Money Income Is $250,the Price of X Is $3,and

Question 67

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Ann's money income is $250,the price of X is $3,and the price of Y is $2.Given these prices and income,Ann buys 60 units of X and 35 units of Y.Call this combination of X and Y bundle J.At bundle J Ann's MRS is 2.Given these prices and income,what is Ann's equilibrium consumption of X?


A) X < 60
B) X = 60
C) X > 60
D) None of the preceding statements is correct.

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