In the above figure, the x-coordinate of point b is

A) 1.
B) 2.
C) 3.
D) 14.

C

Economics

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All points below a given indifference curve are

A) less preferred to any point on the indifference curve. B) preferred to any point on the indifference curve. C) definitely affordable. D) Both answers A and C are correct.

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Provide a short account of how the Euro came in to existence? When were the first agreements reached? When was it established as a unit of account? When did it start circulating?

What will be an ideal response?

Economics