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

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

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: 7^th

Authors: Penson, Rosson, Woodward

Read 1757 times

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