Use the following to answer question(s): Consumer Equilibrium 2

-(Exhibit: Consumer Equilibrium 2) Given the indifference curves in the exhibit, the highest level of total utility theoretically attainable 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(s): Consumer Equilibrium 2
 
-(Exhibit: Consumer Equilibrium 2) Given the indifference curves in the exhibit, the highest level of total utility theoretically attainable is associated with point _______ on indifference curve _______ .
A) H; C 
B) I; B 
C) G; B 
D) J; A

Quizplus · Accepted Answer

The highest level of total utility attainable is associated with the point that lies on the highest indifference curve that the consumer can reach given their budget constraint. Point J on indifference curve A represents the highest level of total utility because indifference curve A is the highest curve that can be reached, indicating the highest level of satisfaction or utility.

Use the Following to Answer Question(s): Consumer Equilibrium 2