Which of the Following Is True If Clarice Is at Her

question 128

Multiple Choice

Which of the following is true if Clarice is at her consumer equilibrium?
i.Clarice is on her budget line.
ii.Clarice is on her highest attainable indifference curve.
iii.Clarice is dividing her budget equally across all goods.

• A) i only
• B) i and ii
• C) i and iii
• D) ii and iii
• E) iii only

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