Exhibit 6A-4 Consumer equilibrium

Given the budget line and indifference curves shown in Exhibit 6A-4, point E is:
A) inferior to point X.
B) lowest attainable level of total utility.
C) consumer equilibrium.
D) unobtainable.

Question

Exhibit 6A-4 Consumer equilibrium
​

Given the budget line and indifference curves shown in Exhibit 6A-4, point E is:
A) inferior to point X. 
B) lowest attainable level of total utility. 
C) consumer equilibrium. 
D) unobtainable.

Quizplus · Accepted Answer

The Answer of Exhibit 6A-4 Consumer equilibrium
​

Given the budget line and indifference curves shown in Exhibit 6A-4, point E is:
A) inferior to point X. 
B) lowest attainable level of total utility. 
C) consumer equilibrium. 
D) unobtainable.

Exhibit 6A-4 Consumer Equilibrium