Multiple Choice
if Charlie's utility function were X 5A XB, if apples cost 50 cents each, and if bananas cost 10 cents each, Charlie's budget line would be tangent to one of his indifference curves whenever
A) 5XB = 5XA.
B) XB = 5XA.
C) XB = XA.
D) XA = 5XB.
E) 50XA + 10XB = M.
Correct Answer:
Verified
Correct Answer:
Verified
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