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A consumer's optimal bundle happens to be a point on the x-axis. Which of the f…
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Wize University Microeconomics Textbook > Theory of Consumer Choice
Optimal Bundle (Utility Maximization)
4 Activities
A consumer's optimal bundle happens to be a point on the x-axis. Which of the following are true?
a) the highest indifference curve intersects his budget line at that point
b) good y is inferior to him
c) the lowest indifference curve intersects his budget line at that point
d) the goods are complements
I don't know
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M
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x
>
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y
\frac{MU_x}{P_x}>\frac{MU_y}{P_y}
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y
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