Use the following to answer question:
-(Figure: Consumer Equilibrium II)Use Figure Consumer Equilibrium II.The HIGHEST level of total utility is associated with point _____ on indifference curve _____.
A)H;C
B)I;B
C)G;B
D)J;A

Question

Use the following to answer question: 
-(Figure: Consumer Equilibrium II)Use Figure Consumer Equilibrium II.The HIGHEST level of total utility is associated with point _____ on indifference curve _____.
A)H;C 
B)I;B 
C)G;B 
D)J;A

Quizplus · Accepted Answer

Point J is where the budget line (represented by AB) is tangent to the highest possible indifference curve (IC3). This represents the consumer's optimal choice given their budget constraint and preference structure, and thus is the best choice.

Use the Following to Answer Question