Use the following to answer question:
-(Figure: Consumer Equilibrium IV)Use Figure Consumer Equilibrium IV.The highest attainable level of utility,given budget constraint FL,is at point:
A)G.
B)H.
C)I.
D)J.

Question

Use the following to answer question: 
-(Figure: Consumer Equilibrium IV)Use Figure Consumer Equilibrium IV.The highest attainable level of utility,given budget constraint FL,is at point:
A)G. 
B)H. 
C)I. 
D)J.

Quizplus · Accepted Answer

Point I represents the highest attainable level of utility where the budget constraint FL is tangent to the highest possible indifference curve, indicating consumer equilibrium.

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