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In Problem 1, If Charlie's Utility Function Were X5AXB, If

Question 17

Multiple Choice

In Problem 1, if Charlie's utility function were X5AXB, if apples cost 50 cents each, and if bananas cost 10 cents each, Charlie's budget line would be tangent to one of his indifference curves whenever


A) 5XB = 5XA.
B) XB = 5XA.
C) XB = XA.
D) XA = 5XB.
E) 50XA + 10XB = M.

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