Question: The diagram below shows a budget set, bounded by the budget line. What property of well-behaved consumer preferences ensures that the utility-maximizing bundle will

The diagram below shows a budget set, bounded by the budget line.

The diagram below shows a budget set, bounded by the budget line. What property of well-behaved consumer preferences ensures that the utility-maximizing bundle will lie on the budget line, rather than on an interior point of the budget set? X Budget Line Budget Set X1

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