In Problem 1, If Charlie's Utility Function Were X⁶_AX_B, If

question 14

Multiple Choice

In Problem 1, if Charlie's utility function were X⁶_AX_B, if apples cost 90 cents each, and if bananas cost 10 cents each, Charlie's budget line would be tangent to one of his indifference curves whenever

• A) X_A = 6X_B.
• B) X_B = 6X_A.
• C) X_B = X_A.
• D) 6X_B = 9X_A.
• E) 90X_A + 10X_B = M.

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Definitions:

Earth's Environment

Comprises all the external factors influencing the life and ecosystems on the planet, including climate, land, water, and living organisms.

Intensive Crop Cultivation

A farming practice that aims to maximize agricultural output from a given piece of land through the use of technologies, pesticides, and fertilizers.

Plows

Agricultural tools used for turning over the soil, typically to prepare it for planting crops by cutting, lifting, and overturning it.

Fertilizers

Substances added to soil to improve its fertility by supplying essential nutrients to plants, including nitrogen, phosphorus, and potassium compounds.