When a Consumer Is Purchasing the Best Combination of Two

question 90

Multiple Choice

When a consumer is purchasing the best combination of two goods, X and Y, subject to a budget constraint, we say that the consumer is at an optimal choice point. A graph of an optimal choice point shows that it occurs

• A)along the highest attainable indifference curve.
• B)where the indifference curve is tangent to the budget constraint.
• C)where the marginal utility per dollar spent is the same for both X and Y.
• D)All of the above are correct.

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