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Author Question: FIGURE 6-2Refer to Figure 6-2. Suppose the price of Y is $1 and the consumer's income is $10. ... (Read 390 times)

kckanistras

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on: Oct 12, 2022




FIGURE 6-2

Refer to Figure 6-2. Suppose the price of Y is $1 and the consumer's income is $10. Initially, the price of X is $2 and the consumer is buying 3 units of good X and 4 units of good Y. If the price of X then falls to $1, what quantities of X and Y will he/she now purchase in order to maximize total utility?


◦ 4 X and 6 Y.
◦ 2 X and 8 Y.
◦ 6 X and 4 Y.
◦ 3 X and 7 Y.
◦ 5 X and 5 Y.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by kckanistras on Oct 12, 2022

zubair1583

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kckanistras

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Reply 2 on: Oct 12, 2022
Excellent

momolu

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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