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

question 53

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.

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Definitions:

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