The optimum represents the:
A)centre point on the highest indifference curve possible for the consumer
B)best combination of two goods that is attainable by the consumer
C)point at which an indifference curve crosses the consumer's budget constraint
D)intersection of the consumer's demand curve and the market supply curve

Question

Quizplus · Accepted Answer

The optimum is the best combination of two goods that a consumer can afford, given their budget constraint, and it is where the highest attainable indifference curve is tangent to the budget line.

The Optimum Represents The