Multiple Choice
Tim consumes only apples and bananas.He prefers more apples to fewer, but he gets tired of bananas.If he consumes fewer than 29 bananas per week, he thinks that 1 banana is a perfect substitute for 1 apple.But you would have to pay him 1 apple for each banana beyond 29 that he consumes.The indifference curve that passes through the consumption bundle with 30 apples and 39 bananas also passes through the bundle with A apples and 21 bananas, where A equals
A) 25.
B) 28.
C) 34.
D) 36.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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