A Consumer Equilibrium Is Depicted Using Indifference Curve Analysis As

question 8

Multiple Choice

A consumer equilibrium is depicted using indifference curve analysis as:

• A) the point where two indifference curves cross.
• B) the combination of two goods that minimizes total utility for a given level of income.
• C) the combination of two goods located where the highest attainable indifference curve is just tangent to the budget line.
• D) any combination of two goods where an indifference curve crosses the budget line.

---

Definitions:

Universal Basic Income

A governmental public program for a periodic payment delivered to all citizens of a country or to a segment of the population, without a requirement to work or to demonstrate readiness to work.

Benefits

The positive outcomes or advantages that result from actions or decisions, often considered in terms of economic or personal gain.

Detractors

Individuals or entities that actively express criticism or disapproval, often working to decrease support or enthusiasm for something.

Labor Market Discrimination

Labor market discrimination occurs when individuals receive different treatment in employment opportunities, such as hiring, promotion, or wages, based on characteristics unrelated to their job performance, like race, gender, or age.