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Assume That the Budget Constraint in the Figure Below Is

Question 29

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Assume that the budget constraint in the figure below is: PEE + PAA = I,where I is total income and PE is the price of education and PA is the price of all other goods.If U(E,A)= A + E,PE = 2,PA = 1,and I = 10.What is the quantity of education and all other goods consumed?

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