Jimmy can consume goods X and Y. The graph above represents one of his indifference curves (IC). All other ICs are like the one in the graph. Which equation represents Jimmy’s optimal mix of X and Y? 9x=4y 4x=9y x=y xy=1 Suppose that Jimmy’s income is I=$1,995 and prices are PX=13 and PY=9. His optimal choice is to consume x=0 x=135 x=85 x=60 x=121
Jimmy can consume goods X and Y. The graph above represents one of his indifference curves (IC). All other ICs are like the one in the graph. Which equation represents Jimmy’s optimal mix of X and Y? 9x=4y 4x=9y x=y xy=1 Suppose that Jimmy’s income is I=$1,995 and prices are PX=13 and PY=9. His optimal choice is to consume x=0 x=135 x=85 x=60 x=121
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Jimmy can consume goods X and Y. The graph above represents one of his indifference
9x=4y
4x=9y
x=y
xy=1
Suppose that Jimmy’s income is I=$1,995 and prices are PX=13 and PY=9. His optimal choice is to consume
x=0
x=135
x=85
x=60
x=121
![YA
IC
9
4
X](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F74946fc6-b292-4ef6-8021-9433a68539a3%2Fba165ad2-2d36-4818-a35c-dbdd20b20132%2F4c7977_processed.png&w=3840&q=75)
Transcribed Image Text:YA
IC
9
4
X
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