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Quiz· Consumer Choice· 8 of 8
Knowledge CheckQuestion 1 of 3

Suppose after paying bills and setting aside some money for retirement, Joana has $130 dollars left to spend on just two goods: concerts and books. For simplicity, we’ll assume concert tickets cost $55 and books cost $10. Which of the following combination of goods could possibly be her utility-maximizing bundle?

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Lesson: Office Hours: Game Theory