(Solution) - Assume that the data in the accompanying table give an -(2025 Original AI-Free Solution)

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Assume that the data in the accompanying table give an indifference curve for Mr. Chen. Graph this curve, putting A on the vertical axis and B on the horizontal axis. Assuming that the prices of A and B are $1.50 and $1, respectively, and that Mr. Chen has $24 to spend, add his budget line to your graph. What combination of A and B will Mr. Chen purchase? Does your answer meet the MRS = PB/ PA.? rule for equilibrium?
Units of A Units of B
16 ............ 6
12 ............ 8
8 .............. 12
4 .............. 24