Use the Following to Answer Question

question 84

Multiple Choice

Use the following to answer question:
-(Figure: Consumer Equilibrium III) Use Figure Consumer Equilibrium III.Given the figure,which of the following statements is TRUE?

• A)At the point of utility maximization,the rate at which Kurt is willing to exchange one good for another is less than the rate at which the goods can be exchanged in the market.
• B)An increase in the prices of tamales and placemats would allow Kurt to attain point B.
• C)At point E,P_x = P_y.
• D)Point E is the point of utility maximization under current budget constraints.

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