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Given that the price ratio across the budget constraint is fixed, and individuals want some of both goods, the utility maximizing bundle will always be
Given that the price ratio across the budget constraint is fixed, and individuals want some of both goods, the utility maximizing bundle will always be found at the midpoint of the budget constraint." True/False. Explain
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Managerial Economics
Authors: William F. Samuelson, Stephen G. Marks
8th edition
1118808940, 978-1119025900, 1119025907, 978-1119025924, 978-1118808948
