The Optimal Consumption Bundle Is the Point Representing a Consumption-Leisure

question 3

Multiple Choice

The optimal consumption bundle is the point representing a consumption-leisure pair that is on the

• A) lowest possible indifference curve and is on or outside the consumer's budget constraint.
• B) lowest possible indifference curve and is on or inside the consumer's budget constraint.
• C) highest possible indifference curve and is on or outside the consumer's budget constraint.
• D) highest possible indifference curve and is on or inside the consumer's budget constraint.
• E) lowest possible indifference curve that maximizes total utility.