Question: C. 38 5 20 20 25 Sc 22. In the figure above which of the following is true? a. b. c. d. e. The co...Question: C. 38 5 20 20 25 Sc 22. In the figure above which of the following is true? a. b. c. d. e. The co...Question: C. 38 5 20 20 25 Sc 22. In the figure above which of the following is true? a. b. c. d. e. The co...

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Question: C. 38 5 20 20 25 Sc 22. In the figure above which of the following is true? a. b. c. d. e. The co…
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Show transcribed image text C. 38 5 20 20 25 Sc 22. In the figure above which of the following is true? a. b. c. d. e. The consumer is indifferent between Bundle A and Bundle C. Bundles A and B cost the same amount of money. An increase in the price of X caused the shift from BC1 to BC2. All of the above answers are true. None of the above answers is true. 23. In the figure above which of the following is true? On BC1, X costs . On BC2, X costs and Y costs $50. If the consumer's budget constraint is BC1, then both Bundle A and Bundle B will maximize his utility. a. b. c. d. On BC1, X costs half as much as it costs on BC2 e. None of the above is true.

C. 38 5 20 20 25 Sc 22. In the figure above which of the following is true? a. b. c. d. e. The consumer is indifferent between Bundle A and Bundle C. Bundles A and B cost the same amount of money. An increase in the price of X caused the shift from BC1 to BC2. All of the above answers are true. None of the above answers is true. 23. In the figure above which of the following is true? On BC1, X costs $50. On BC2, X costs $25 and Y costs $50. If the consumer's budget constraint is BC1, then both Bundle A and Bundle B will maximize his utility. a. b. c. d. On BC1, X costs half as much as it costs on BC2 e. None of the above is true.

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