Which point will the consumer choose to maximize utility? O A. the point on the highest indifference curve he can reach that is just tangent to her budget line. O B. the point on the highest indifference curve he can reach that is just outside of her budget constrair OC the point on the highest indifference curve he can reach that is just inside her budget constraint. O D. the minimum cost point on the lowest indifference curve she can reach.
Which point will the consumer choose to maximize utility? O A. the point on the highest indifference curve he can reach that is just tangent to her budget line. O B. the point on the highest indifference curve he can reach that is just outside of her budget constrair OC the point on the highest indifference curve he can reach that is just inside her budget constraint. O D. the minimum cost point on the lowest indifference curve she can reach.
Chapter3: Preferences And Utility
Section: Chapter Questions
Problem 3.4P
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