Figure 21-15

-Refer to Figure 21-15.The price of X is $20,the price of Y is $5,and the consumer's income is $40.Which point represents the consumer's optimal choice?
A) A
B) B
C) C
D) D

Name: Figure 21-15 -Refer to Figure 21-15.The price of X is $20,the price of Y is $5,and the consumer's income is $40.Which point represents the consumer's optimal choice? A) A B) B C) C D) D
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Question

Figure 21-15
 
-Refer to Figure 21-15.The price of X is $20,the price of Y is $5,and the consumer's income is $40.Which point represents the consumer's optimal choice?
A) A 
B) B 
C) C 
D) D

Quizplus · Accepted Answer

The consumer's optimal choice is at point A, where the budget line is tangent to the indifference curve.

Figure 21-15 -Refer to Figure 21-15.The Price of X Is $20,the Price