Use the indifference curves and the budget lines in Figure 19.3 to answer the indicated question.Assume the price of Y is $1 per unit.In Figure 19.3,point E
A)Is optimal and affordable.
B)Gives the consumer a very high level of utility and is affordable.
C)Is a high level of utility but not affordable.
D)Represents a very low level of utility and is not desirable.

Question

Use the indifference curves and the budget lines in Figure 19.3 to answer the indicated question.Assume the price of Y is $1 per unit.In Figure 19.3,point E 
A)Is optimal and affordable. 
B)Gives the consumer a very high level of utility and is affordable. 
C)Is a high level of utility but not affordable. 
D)Represents a very low level of utility and is not desirable.

Quizplus · Accepted Answer

The Answer of Use the indifference curves and the budget lines in Figure 19.3 to answer the indicated question.Assume the price of Y is $1 per unit.In Figure 19.3,point E 
A)Is optimal and affordable. 
B)Gives the consumer a very high level of utility and is affordable. 
C)Is a high level of utility but not affordable. 
D)Represents a very low level of utility and is not desirable.

Use the Indifference Curves and the Budget Lines in Figure