Which of the following can be thought of as the consumer's consumption possibilities frontier?
A)the consumer's marginal utility
B)the consumer's total utility
C)the consumer's budget line
D)the consumer's indifference curve
E)the consumer's demand curve

Question

Quizplus · Accepted Answer

The consumer's consumption possibilities are determined by their budget constraint or budget line, which shows the combinations of two goods that the consumer can afford given their income and the prices of the goods. Thus, the consumer's budget line is equivalent to their consumption possibilities frontier. The other answer choices are not equivalent to the consumer's consumption possibilities frontier.

Which of the Following Can Be Thought of as the Consumer's