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The Accompanying Table Describes Ben's Preferences Over Cake and Ice

question 3

Multiple Choice

The accompanying table describes Ben's preferences over cake and ice cream.The utility from consumption of one good is independent of the consumption of the other.The price of cake is $10 per unit,and the price of ice cream is $4 per unit.
If Ben has $50 to spend,the optimal combination of these goods is:

Understand the arguments for and against the use of policy rules to stabilize the economy.

Explore the relationship between money demand, economic activity, and policy implications.

Understand the basic principles of the classical and Keynesian economic theories.

Identify the role and implications of the quantity theory of money in classical economics.

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