Multiple Choice
In terms of indifference curves, the optimal consumption bundle is determined by the:
A) intersection of a budget line and an indifference curve.
B) tangency of a budget line and an indifference curve.
C) tangency of a price consumption curve and an income consumption curve.
D) intersection of an income consumption curve and a price consumption curve.
Correct Answer:
Verified
Correct Answer:
Verified
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