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If the Consumer's Budget Constraint Is Given by 4P

Question 20

Multiple Choice

If the consumer's budget constraint is given by 4P + 2B = 50 where P is pizza and B is burgers, the following bundles of pizza and burger would be on the budget constraint:


A) P = 2; B = 21
B) P = 5; B = 10
C) P = 2; B = 24
D) P = 10; B = 20

Correct Answer:

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