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Exam 5: A: Demand

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In Problem 1, if Charlie's utility function were X5AXB, the price of apples were pA, the price of bananas were pB, and his income were m, then Charlie's demand for apples would be

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Question 21

In Problem 1, if Charlie's utility function were X3AXB, if apples cost 60 cents each, and if bananas cost 10 cents each, Charlie's budget line would be tangent to one of his indifference curves whenever

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Question 22
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