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consider a consumer in a two-good economy. Suppose that the consumer's income is 12 TL.proce of good 1 is 4TL/unit and the price of good
consider a consumer in a two-good economy. Suppose that the consumer's income is 12 TL.proce of good 1 is 4TL/unit and the price of good is 3TL/unit. The preferences of the consumer satisfy our standart assumptions i.e. completeness, transivity, monotonocity and (weekly) decreasing marginal rate of substitution. Furthermore, the indifference curves are parallel to each other. Suppose that the consumer is indifferent between the bundles(2,1), (1,1) and(0,2). What can we say about her optimal bundle?
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