Use the indifference curves and the budget lines in Figure 19.3 to answer the indicated question.Assume the price of Y is $1 per unit.In Figure 19.3, point E
A) Is optimal and affordable.
B) Gives the consumer a very high level of utility and is affordable.
C) Is a very high level of utility but not affordable.
D) Represents a very low level of utility and is not desirable.

Question

Use the indifference curves and the budget lines in Figure 19.3 to answer the indicated question.Assume the price of Y is $1 per unit.In Figure 19.3, point E
A) Is optimal and affordable. 
B) Gives the consumer a very high level of utility and is affordable. 
C) Is a very high level of utility but not affordable. 
D) Represents a very low level of utility and is not desirable.

Quizplus · Accepted Answer

The Answer of  Use the indifference curves and the budget lines in Figure 19.3 to answer the indicated question.Assume the price of Y is $1 per unit.In Figure 19.3, point E
A) Is optimal and affordable. 
B) Gives the consumer a very high level of utility and is affordable. 
C) Is a very high level of utility but not affordable. 
D) Represents a very low level of utility and is not desirable.

Use the Indifference Curves and the Budget Lines in Figure