Mitchells income is 150 the price of x is 4 and the price, Ask an Expert

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Mitchell's income is $150, the price of X is $4, and the price of Y is $2. Given these prices and income, Mitchell buys 20 units of X and 35 units of Y. Call this combination of X and Y bundle J. At bundle J, Mitchell's MRS is 1. Given these prices and income, what is Mitchell's optimal consumption of X?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91422316

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