Figure 2-1

-Refer to Figure 2-1. Which point is not contained in the economically feasible consumption set?
A) a
B) b
C) c

Question

Figure 2-1
 
-Refer to Figure 2-1. Which point is not contained in the economically feasible consumption set?
A) a 
B) b 
C) c

Quizplus · Accepted Answer

Point c is outside the economically feasible consumption set, indicating that it is not possible to achieve that combination of goods given the current prices and income. Therefore, the best choice would be either point a or point b, both of which are within the feasible consumption set and reflect attainable combinations of the two goods. The specific choice between a and b would depend on the individual's preferences and utility function.

Figure 2-1 -Refer to Figure 2-1. Which Point Is Not Contained in Is