When Indifference Curve Analysis Is Used, a Consumer Optimum Occurs

question 116

Multiple Choice

When indifference curve analysis is used, a consumer optimum occurs at the point at which

• A) the indifference curves intersect.
• B) the indifference curve is tangent to the budget line.
• C) total utility is maximum.
• D) marginal utility/price ratio of all goods consumed is equal.

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