To maximize utility, consumers choose a consumption bundle OA. where the slope of the budget constraint is equal to the ratio of the price of the good on the horizontal axis divided by the price of the good on the vert axis (multiplied by minus one). B. on the highest indifference curve given the budget constraint. Oc. where indifference curves intersect one another. OD. where the marginal utility of each product is maximized. E. where the slope of the highest indifference curve is equal to the marginal rate of substitution.

To maximize utility, consumers choose a consumption bundle OA. where the slope of the budget constraint is equal to the ratio of the price of the good on the horizontal axis divided by the price of the good on the vert axis (multiplied by minus one). B. on the highest indifference curve given the budget constraint. Oc. where indifference curves intersect one another. OD. where the marginal utility of each product is maximized. E. where the slope of the highest indifference curve is equal to the marginal rate of substitution.

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Question

To maximize utility, consumers choose a consumption bundle
A. where the slope of the budget constraint is equal to the ratio of the price of the good on the horizontal axis divided by the price of the good on the vert
axis (multiplied by minus one).
B. on the highest indifference curve given the budget constraint.
OC. where indifference curves intersect one another.
D. where the marginal utility of each product is maximized.
OE. where the slope of the highest indifference curve is equal to the marginal rate of substitution.

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