Using a budget constraint and an indifference curve

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Suppose that good X is on the horizontal axis and good Y is on the vertical axis. Good X costs twice as much as good Y. Ann chooses a bundle that takes up all of her budget. However, the MRS of X for Y at this bundle is greater than 2. Please illustrate this situation using a budget constraint and an indifference curve.

Reference no: EM131392348

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