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A consumer has income of $100. If the price of Good L is $5 and the price of Good M is $10, which of the following bundles of Good L and Good M is outside the consumer’s budget constraint? A. 8 units of Good L and 6 units of Good M. B. 11 units of Good L and 4 units of Good M. C. 5 units of Good L and 8 units of Good M. |