When Considering Her Budget,what Is the Highest Indifference Curve That

question 92

Multiple Choice

When considering her budget,what is the highest indifference curve that a consumer can reach

• A)the indifference curve to which the budget constraint is tangent
• B)the indifference curve farthest from the origin
• C)the indifference curve that intersects the budget constraint in at least two places
• D)the indifference curve for which all combinations of goods are affordable

---

Definitions:

Public Warehouses

Warehousing facilities operated by third parties that offer storage and handling services to the public for a fee.

Trade Credit

A type of commercial financing in which a customer is allowed to purchase goods or services and pay the supplier at a later scheduled date.

Commercial Paper

A short-term, unsecured debt security that corporations issue, primarily to fund payroll, accounts payable, and inventory needs.

Bank Loans

Debt provided by banking institutions that is repayable over a set period of time with interest.