Multiple Choice
Use the indifference curves and the budget lines in Figure 19.3 to answer the indicated question.Assume the price of Y is $1 per unit.In Figure 19.3,given an income of $30 and a price for good Y of $1,which of the following two points represent optimal consumption? 
A) A when the price of X is $3 and C when the price of X is $1.
B) B when the price of X is $1 and D when the price of X is $3.
C) A when the price of X is $1 and D when the price of X is $3.
D) B when the price of X is $1 and C when the price of X is $3.
Correct Answer:
Verified
Correct Answer:
Verified
Q62: Table 19.2 <span class="ql-formula" data-value="\begin{array}{c}\begin{array}{|c|}\hline\text
Q63: The farther an indifference curve is from
Q64: If an individual demands a good,it means
Q65: In the article "Men vs.Women: How They
Q66: Price discrimination typically occurs with products that
Q68: According to the law of demand,ceteris paribus,<br>A)The
Q69: Airline companies engage in price discrimination by<br>A)Charging
Q70: Under what conditions can sellers engage in
Q71: The _ surplus will rise if the
Q72: Which of the following statements best captures