-At point b in Exhibit 6-25, the consumer's utility is
A) higher than at points a and c, but the total cost of the goods is the same
B) the same as at points a and c, but the total cost of the goods is lower
C) the same as at points a and c, but the total cost of the goods is higher
D) lower than at points a and c, and so is the total cost of the goods
E) higher than at points a and c, and so is the total cost of the goods

Question

-At point b in Exhibit 6-25, the consumer's utility is
A) higher than at points a and c, but the total cost of the goods is the same 
B) the same as at points a and c, but the total cost of the goods is lower 
C) the same as at points a and c, but the total cost of the goods is higher 
D) lower than at points a and c, and so is the total cost of the goods 
E) higher than at points a and c, and so is the total cost of the goods

Quizplus · Accepted Answer

At point b, the consumer's utility is the same as at points a and c, but the total cost of the goods is lower, indicating that point b is on the same indifference curve but on a lower budget line.

-At Point B in Exhibit 6-25, the Consumer's Utility Is