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Business, 24.09.2019 02:10 toxsicity

Chuck’s utility function on the number of cookies he eats, denoted by c, and the number of glasses of milk he drinks, denoted by m, is given by: u(c, m)=min{2c,3m}. what is the point that is most to the south-west in chuck’s indifference curve that passes through (2,8)? a. (2,2/3).
b. (8,8).
c. (5,5).
d. (2,2).
e. (2/3,8).

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