If Charlie's Utility Function Were X ⁶_A X_B, If Apples

question 34

Multiple Choice

if Charlie's utility function were X ⁶_A X_B, if apples cost 40 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_B = X_A.
• B)6X_B = 4X_A.
• C)X_B = 6X_A.
• D)X_A = 6X_B.
• E)40X_A + 10X_B = M.

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Definitions:

Main Clauses

Central components of a sentence that express a complete thought and contain a subject and a predicate.

Compound Sentence

A sentence that contains at least two independent clauses joined by a conjunction or semicolon.

Equal Importance

A principle that all elements or aspects under consideration are given the same level of significance.

Abstract Words

Terms that represent ideas, qualities, or conditions that cannot be directly perceived by the senses, often requiring interpretation.