Refer to the information provided in Figure 6.1 below to answer the question(s) that follow. Figure 6.1
-Refer to Figure 6.1. Assume Tom's budget constraint is AC. At which point does Tom consume only hot dogs?
A) A.
B) B.
C) E.
D) D.

Question

Refer to the information provided in Figure 6.1 below to answer the question(s) that follow.  Figure 6.1
-Refer to Figure 6.1. Assume Tom's budget constraint is AC. At which point does Tom consume only hot dogs?
A) A. 
B) B. 
C) E. 
D) D.

Quizplus · Accepted Answer

Point A on the budget constraint AC represents the scenario where Tom spends all his budget on hot dogs, consuming only hot dogs and no other goods.

Refer to the Information Provided in Figure 6