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Yessi15 Yessi15
wrote...
Posts: 342
7 months ago

Suppose that Robin budgets $12/week for Wings 'N' Suds. The price of buffalo wings is $0.50 while the price of Coca-Cola is $1.50.








Which of the following is (are) true?



• At point C, the consumer is said to be in equilibrium.

• At point C, the slope of the budget line and the MRS are not equal.

• The optimal combination of goods for Robin is 12 buffalo wings and 4 of Coca-Cola drinks.

• Both At point C, the consumer is said to be in equilibrium and The optimal combination of goods for Robin is 12 buffalo wings and 4 of Coca-Cola drinks

• All of these
Textbook 

Introduction to Agricultural Economics


Edition: 7th
Authors:
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peaceout3000peaceout3000
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Posts: 298
7 months ago
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Both At point C, the consumer is said to be in equilibrium and The optimal combination of goods for Robin is 12 buffalo wings and 4 of Coca-Cola drinks
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