Question: please explain. thank you. the figure below Olga's indifference map for milk and honey, accompanied by her budget constraint, is shown in Honey 30 C

please explain. thank you.

please explain. thank you. the figure below Olga's indifference map for milk

the figure below Olga's indifference map for milk and honey, accompanied by her budget constraint, is shown in Honey 30 C 152 Milk A. Carefully explain - in terms of the level of utility (@ Somarks) - whether Olga will choose point c as her utility maximizing point. To further substantiate your answer, thoroughly explain the character of relationships between MRS milk for honey and Pmilk/Phoney at point c (marks) B. Also explain, in terms of the level of utility (Somarko whether, instead, Olga will choose point d as her utility maximizing point? Again, for point d, thoroughly explain the character of relationships between MRS milk for honey and Pmilk/Phoney (@marks)

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