Billy Is Maximizing Utility Subject to His Limited Income

Multiple Choice

Billy is maximizing utility subject to his limited income. As a result, which of the following statements is TRUE?

A) The slope of the indifference curve is twice the slope of the budget constraint.
B) The indifference curve intersects the budget constraint at precisely two points.
C) The budget constraint is tangent to the indifference curve.
D) The MRS_XY = P_XP_Y.