Multiple Choice
For a consumer to maximize utility, he will choose
A) the point where the slope of the budget line equals the slope of the indifference curve.
B) any point where the budget line and indifference curve intersect.
C) the point where he gets the most of the good he prefers most.
D) the point where the marginal rate of substitution is greatest.
E) the point where marginal utility is zero for both goods.
Correct Answer:
Verified
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