Along this budget line, which statement is true?

A) The combinations at points E, C, and O all lead to maximum total utility.
B) At points E, C, and O, the price of burgers is the same as the price of tacos.
C) The combinations at points E, C, and O can be purchased with the same amount of income.
D) The price of tacos changes depending on which point, E, C, or O, is purchased.

Question

Along this budget line, which statement is true?

A) The combinations at points E, C, and O all lead to maximum total utility. 
B) At points E, C, and O, the price of burgers is the same as the price of tacos. 
C) The combinations at points E, C, and O can be purchased with the same amount of income. 
D) The price of tacos changes depending on which point, E, C, or O, is purchased.

Quizplus · Accepted Answer

The Answer of Along this budget line, which statement is true?

A) The combinations at points E, C, and O all lead to maximum total utility. 
B) At points E, C, and O, the price of burgers is the same as the price of tacos. 
C) The combinations at points E, C, and O can be purchased with the same amount of income. 
D) The price of tacos changes depending on which point, E, C, or O, is purchased.

Along This Budget Line, Which Statement Is True