Multiple Choice
Suppose that MUx = 10 and MUy = 20. Further suppose that the consumer's budget constraint can be expressed as 20x + 10y = 400. For this consumer, the optimal amount of good x to buy would be
A) 5.
B) 0.
C) 20.
D) 40.
Correct Answer:
Verified
Correct Answer:
Verified
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