- 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,given an income of $30 and a price for good Y of $1,which of the following two points represent optimal consumption?
A)A when the price of X is $3 and C when the price of X is $1.
B)B when the price of X is $1 and D when the price of X is $3.
C)A when the price of X is $1 and D when the price of X is $3.

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,given an income of $30 and a price for good Y of $1,which of the following two points represent optimal consumption?
A)A when the price of X is $3 and C when the price of X is $1. 
B)B when the price of X is $1 and D when the price of X is $3. 
C)A when the price of X is $1 and D when the price of X is $3.

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,given an income of $30 and a price for good Y of $1,which of the following two points represent optimal consumption?
A)A when the price of X is $3 and C when the price of X is $1. 
B)B when the price of X is $1 and D when the price of X is $3. 
C)A when the price of X is $1 and D when the price of X is $3.

- Use the Indifference Curves and the Budget Lines in Figure