The consumer will select that point on the budget line which puts him or her on the highest attainable indifference curve.

Name: The consumer will select that point on the budget line which puts him or her on the highest attainable indifference curve.
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Quizplus · Accepted Answer

This is because the point where the budget line is tangent to the highest attainable indifference curve represents the combination of goods that maximizes the consumer's utility given their budget constraint.

The Consumer Will Select That Point on the Budget Line