A consumption bundle that lies inside and to the left of the individual's budget line is a consumption bundle that:

A. Does not maximize the individual's utility given their taste, Income and the price of the goods.
B. Does not exhaust the individual's income.
C The individual can afford.
D. Answers (Al(B) and (C) are true.

Question

27-06-2024
Business

Answered

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A consumption bundle that lies inside and to the left of the individual's budget line is a consumption bundle that:

A. Does not maximize the individual's utility given their taste, Income and the price of the goods.
B. Does not exhaust the individual's income.
C The individual can afford.
D. Answers (Al(B) and (C) are true.

Sagot :

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