The Indifference Curve/budget Line Diagram Concludes That Jim Is Definitely

question 248

Multiple Choice

The indifference curve/budget line diagram concludes that Jim is definitely in equilibrium when he is

• A) spending all his budget.
• B) saving some of his budget.
• C) consuming the combination of goods and services that is affordable and on the highest attainable indifference curve.
• D) consuming a combination of goods and services that is on an indifference curve.
• E) None of the above answers is correct.

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