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Economics (AS & A Level) · May / June 2024 · Paper 31 · Question 2

9708Indifference curves and budget lines

The diagram shows indifference curves I1, I2 and a budget line T. Which combination of X and Y gives the consumer maximum satisfaction?

  1. A100 units of X, 0 units of Y
  2. B70 units of X, 15 units of Y
  3. C50 units of X, 25 units of Y
  4. D20 units of X, 40 units of Y

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Correct answer: C. 50 units of X, 25 units of Y

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