If Food Is on the X-Axis and Clothing Is on the Y-Axis

question 47

Multiple Choice

If food is on the x-axis and clothing is on the y-axis, using the information in problem 1 above, the consumer is at the

• A) point of maximum indifference.
• B) y-intercept.
• C) interior of the budget constraint.
• D) origin.

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Definitions:

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