Exhibit 6A-4 Consumer equilibrium

-Given the budget line and indifference curves shown in Exhibit 6A-4, point E is:
A) consumer equilibrium.
B) unattainable.
C) on the highest attainable indifference curve.
D) a point that yields less total utility than other point in the exhibit.

Question

Exhibit 6A-4 Consumer equilibrium
​ 
-Given the budget line and indifference curves shown in Exhibit 6A-4, point E is:
A) consumer equilibrium. 
B) unattainable. 
C) on the highest attainable indifference curve. 
D) a point that yields less total utility than other point in the exhibit.

Quizplus · Accepted Answer

The Answer of Exhibit 6A-4 Consumer equilibrium
​ 
-Given the budget line and indifference curves shown in Exhibit 6A-4, point E is:
A) consumer equilibrium. 
B) unattainable. 
C) on the highest attainable indifference curve. 
D) a point that yields less total utility than other point in the exhibit.

Exhibit 6A-4 Consumer Equilibrium