The Income-Consumption Curve for Dana Between Qa and Qb Is

question 172

Multiple Choice

The income-consumption curve for Dana between Qa and Qb is given as: Qa = Qb. His budget constraint is given as:
120 = Qa + 4Qb
How much Qa will Dana consume to maximize utility?

• A) 0
• B) 24
• C) 30
• D) 60
• E) More information is needed to answer this question.

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