Multiple Choice
Use the following to answer questions:
Figure: Consumer Equilibrium IV
-(Figure: Consumer Equilibrium IV) Look at the figure Consumer Equilibrium IV. Assume that you are consuming the combination of goods at point K. Given the budget constraint FL, utility:
A) can be increased by consuming more nights in a hotel room and fewer train tickets.
B) can be increased by consuming fewer nights in a hotel room and more train tickets.
C) can be increased by consuming more of both goods.
D) cannot be increased.
Correct Answer:

Verified
Correct Answer:
Verified
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