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A Consumption Bundle Is Affordable as Long as

Question 47

Multiple Choice

A consumption bundle is affordable as long as


A) It is a point that is on an indifference curve that is to the right of the budget line
B) It is a point that falls on the 45 degree line
C) The present discount value of the consumption stream is less than the present discount value of the income stream
D) The amount of the good consumed from year to year does not increase

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