-Refer to the Above Diagram. in This Instance

question 52

Multiple Choice

-Refer to the above diagram. In this instance:

• A) the BC line is diagonal because the amount spent on both goods is less or equal to income.
• B) the consumer will find that every point along the I3 line is outside the budget constraint.
• C) the consumer will find the highest utility where x and y just touch the I2 line.
• D) all of the above and the consumer can choose any point on or below the budget constraint line BC.

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Definitions:

Repetitive Patterns

Recurring sequences or configurations in data, behavior, processes, or structures.

Echolalia

Communication abnormality in which an individual simply repeats back what he or she hears rather than generating his or her own speech.

Intonating Pitch

The modulation or variation of pitch in speech to convey meaning or express emotion.

Echolalia

The involuntary repetition of another person's spoken words, often associated with autism and other communication disorders.