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TRUE OR FALSE ONLY Use this gure for #5, #6 and #7. 5. Bundle F is not an optimal bundle for consumption because the utility

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TRUE OR FALSE ONLY

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Use this gure for #5, #6 and #7. 5. Bundle F is not an optimal bundle for consumption because the utility is too high. 6. The utility derived from consuming Bundle B is exactly equal to the utility derived from Bundle A. 7. A price increase in good 1: will cause optimal point of consumption to change from Bundle C to Bundle B. Continue to next page

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