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

Question 131

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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 statements is correct.

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