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Consumer Optimum Consumption: Budget Constraint and Indifference Curves
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Consumer Optimum Consumption: Budget Constraint and Indifference Curves
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18. Consumer Choice and Behavioral Economics / Consumer Optimum Consumption: Budget Constraint and Indifference Curves / Problem 5
Problem 5
What is the consumer's optimum consumption point?
A
The point where the consumer's budget constraint intersects the origin.
B
The point where the consumer's budget constraint is perpendicular to the indifference curve.
C
The point where the consumer's budget constraint is parallel to the indifference curve.
D
The point where the consumer's budget constraint is tangent to the highest attainable indifference curve.
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