Figure 21-9 -Refer to Figure 21-9.If Point B Is the Consumer's Optimum

question 72

Multiple Choice

Figure 21-9

-Refer to Figure 21-9.If point B is the consumer's optimum and her income is $100,what is the price of a bag of marshmallows

• A)$3
• B)$4
• C)$5
• D)$8

Understand the assumptions behind consumer preference and rationality in economic models.

Grasp the concept of higher indifference curves representing higher levels of total utility.

Understand the concept of utility maximization in consumer behavior.

Recognize the role of indifference curves and budget constraints in determining consumer choices.

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