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28 Sep 2019
Leo consumes only apples and bananas. He prefers more apples tofewer, but he gets tired of bananas. If he consumes fewer than 24bananas per week, he thinks that 1 banana is a perfect substitutefor 1 apple. But you would have to pay him 1 apple for each bananabeyond 24 that he consumes. The indifference curve that passesthrough the consumption bundle with 31 apples and 36 bananas alsopasses through the bundle with A apples and 18 bananas, where Aequals
a)29
b)23
c)31
d)25
e)none of the above
Leo consumes only apples and bananas. He prefers more apples tofewer, but he gets tired of bananas. If he consumes fewer than 24bananas per week, he thinks that 1 banana is a perfect substitutefor 1 apple. But you would have to pay him 1 apple for each bananabeyond 24 that he consumes. The indifference curve that passesthrough the consumption bundle with 31 apples and 36 bananas alsopasses through the bundle with A apples and 18 bananas, where Aequals
a)29
b)23
c)31
d)25
e)none of the above
a)29
b)23
c)31
d)25
e)none of the above
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28 Sep 2019
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