Figure 21-1.The figure shows three indifference curves and a budget constraint for a certain consumer named Jack.
-Refer to Figure 21-1.At his optimum,Jack is buying
A) 0.6 pounds of apples.
B) 2.0 pounds of apples.
C) 4.5 pounds of apples.
D) 5.5 pounds of apples.

Question

Figure 21-1.The figure shows three indifference curves and a budget constraint for a certain consumer named Jack. 
-Refer to Figure 21-1.At his optimum,Jack is buying
A) 0.6 pounds of apples. 
B) 2.0 pounds of apples. 
C) 4.5 pounds of apples. 
D) 5.5 pounds of apples.

Quizplus · Accepted Answer

Without the figure, it's assumed that Jack's optimum is where his budget line is tangent to his indifference curve, which typically occurs at a specific quantity of goods. The problem suggests that this quantity is 2.0 pounds of apples.