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    Principles of Microeconomics Study Set 10
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    Exam 21: The Theory of Consumer Choice
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    Figure 21-24 the Figure Shows Three Indifference Curves and a Budget
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Figure 21-24 the Figure Shows Three Indifference Curves and a Budget

Question 98

Question 98

Multiple Choice

Figure 21-24 The figure shows three indifference curves and a budget constraint for a certain consumer named Steve. Figure 21-24 The figure shows three indifference curves and a budget constraint for a certain consumer named Steve.   -Refer to Figure 21-24. If Steve's income is $12.60, then the price of a pound of apples is A) $4.50. B) $3.85. C) $3.00. D) $2.80.
-Refer to Figure 21-24. If Steve's income is $12.60, then the price of a pound of apples is


A) $4.50.
B) $3.85.
C) $3.00.
D) $2.80.

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