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-Use the Indifference Curves and the Budget Lines in Figure

Question 34

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.Point D on the graph A) Is not affordable. B) Is affordable but does not yield the highest utility possible. C) Is affordable and is the optimal consumption bundle for this individual.
-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.Point D on the graph


A) Is not affordable.
B) Is affordable but does not yield the highest utility possible.
C) Is affordable and is the optimal consumption bundle for this individual.

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