Exhibit 21-6 -Refer to Exhibit 21-6.I₁,I₂ and I₃ Are Indifference Curves and Are

question 72

Multiple Choice

Exhibit 21-6

-Refer to Exhibit 21-6.I₁,I₂ and I₃ are indifference curves and line ab is the relevant budget constraint.The equilibrium position for the consumer is at

• A) any point on the budget constraint.
• B) point M.
• C) point J.
• D) point T.
• E) point R.

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Trust Fund

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A finite number of growing annual cash flows.