If Charlie's Utility Function Were X⁶_AX_B and If Apples Cost

question 6

Multiple Choice

If Charlie's utility function were X⁶_AX_B and if apples cost 40 cents each and bananas cost 10 cents each, Charlie's budget line would be tangent to one of his indifference curves whenever

• A) 6X_B = 4X_A.
• B) X_A = 6X_B.
• C) X_B = X_A.
• D) X_B = 6X_A.
• E) 40X_A + 10X_B = M.

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Definitions:

Communal Sharing

A relationship or interaction model based on shared resources and collective benefit.

Collective Identity

A shared sense of belonging to a group, characterized by common interests, experiences, or values.

Unity

The state of being united or joined as a whole, especially among members of a group with common interests.

Market Pricing Relationship

A theoretical relationship that determines the price of goods or services in a market based on supply and demand, competition, and other economic factors.