Figure 10-2 Figure 10-2 Represents the Demand for Ice Cream Cones

Multiple Choice

Figure 10-2

Figure 10-2 represents the demand for ice cream cones.
-Refer to Figure 10-2.Which of the following statements is true?

A) Points a and b are the utility-maximizing quantities of ice cream cones at two different prices of ice cream.
B) Points a and b may not necessarily be the utility-maximizing quantities of ice cream cones at two different prices because we have no information on the consumer's budget or the price of other goods.
C) Point a could be a utility-maximizing choice if the price is $3 but point b may not be because we have no information on the marginal utility per dollar when price changes.
D) Points a and b are derived independently of the utility-maximizing model.