Refer to the information provided in Figure 6.2 below to answer the question(s) that follow. Figure 6.2
-Refer to Figure 6.2. Mr. Lingle's budget constraint is AC. Point E is
A) an available option and Mr. Lingle exactly spends all of his income.
B) an available option and Mr. Lingle does not spend all of his income.
C) not in Mr. Lingle's opportunity set but is on his budget constraint.
D) not available because it represents a combination of gardenburgers and beer that Mr. Lingle cannot purchase with his current income.

Question

Refer to the information provided in Figure 6.2 below to answer the question(s) that follow.  Figure 6.2
-Refer to Figure 6.2. Mr. Lingle's budget constraint is AC. Point E is
A) an available option and Mr. Lingle exactly spends all of his income. 
B) an available option and Mr. Lingle does not spend all of his income. 
C) not in Mr. Lingle's opportunity set but is on his budget constraint. 
D) not available because it represents a combination of gardenburgers and beer that Mr. Lingle cannot purchase with his current income.

Quizplus · Accepted Answer

The Answer of Refer to the information provided in Figure 6.2 below to answer the question(s) that follow.  Figure 6.2
-Refer to Figure 6.2. Mr. Lingle's budget constraint is AC. Point E is
A) an available option and Mr. Lingle exactly spends all of his income. 
B) an available option and Mr. Lingle does not spend all of his income. 
C) not in Mr. Lingle's opportunity set but is on his budget constraint. 
D) not available because it represents a combination of gardenburgers and beer that Mr. Lingle cannot purchase with his current income.

Refer to the Information Provided in Figure 6