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Scenario​ 1: Daniel derives utility from only two​ goods, cake ​(​) and donuts ​(​). The marginal utility that Daniel receives from cake ​(​) and donuts ​(​) are given as​ follows: ​= ​= Daniel has an
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Scenario​ 1: Daniel derives utility from only two​ goods, cake ​(​) and donuts ​(​). The marginal utility that Daniel receives from cake ​(​) and donuts ​(​) are given as​ follows: ​= ​= Daniel has an income of​ $240 and the price of cake ​(​) and donuts ​(​) are both​ $3. See Scenario 1. What is​ Daniel's income-consumption​ curve? A. ​= B. ​= I 3 C. ​= D. ​= E. All of the above

User Hyunsuk
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A=b is the answer ..
User Brendonparker
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