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  3. Study Set
    Microeconomics A Contemporary Introduction Study Set 1
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    Exam 6: Appendix--Indifference Curves and Utility Maximization
  5. Question
    A Consumer Maximizes Utility Where the
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A Consumer Maximizes Utility Where the

Question 7

Question 7

Multiple Choice

A consumer maximizes utility where the


A) budget line intersects an indifference curve
B) budget line is tangent to an indifference curve
C) distance between the budget line and an indifference curve is greatest
D) indifference curve farthest from the origin intersects the budget line twice
E) area between the indifference curve and the budget line is the greatest

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