The Optimal Consumption Bundle Is the Point Representing a Consumption-Leisure

Multiple Choice

The optimal consumption bundle is the point representing a consumption-leisure pair that is on the

A) lowest possible indifference curve and is on or inside the consumer's budget constraint.
B) lowest possible indifference curve that maximizes total utility.
C) highest possible indifference curve and is on or inside the consumer's budget constraint.
D) highest possible indifference curve and is on or outside the consumer's budget constraint.
E) lowest possible indifference curve and is on or outside the consumer's budget constraint.