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When Indifference Curve Analysis Is Used, a Consumer Optimum Occurs

Question 116

Multiple Choice

When indifference curve analysis is used, a consumer optimum occurs at the point at which


A) the indifference curves intersect.
B) the indifference curve is tangent to the budget line.
C) total utility is maximum.
D) marginal utility/price ratio of all goods consumed is equal.

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