what-is-the-consumers-optimum-consumption-point

Question

What is the consumer's optimum consumption point?

Accepted Answer

The point where the consumer's budget constraint is tangent to the highest attainable indifference curve.

Answer

The point where the consumer's budget constraint intersects the origin.

Answer

The point where the consumer's budget constraint is perpendicular to the indifference curve.

Answer

The point where the consumer's budget constraint is parallel to the indifference curve.