If a Consumer Consumes Two Goods,X and Y,and Has Indifference

question 260

Multiple Choice

If a consumer consumes two goods,X and Y,and has indifference curves that are bowed inward,the consumer's optional choice occurs when

• A) he consumes that maximum affordable quantity of good X.
• B) he consumes that maximum affordable quantity of good Y.
• C) his indifference curve is tangent to his budget constraint.
• D) his indifference curve lies entirely above his budget constraint.

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