Use the following to answer question:
-(Figure: Consumer Equilibrium IV)Use Figure Consumer Equilibrium IV.Assume that you are consuming the combination of goods at point G.Given the budget constraint FL,utility can be increased by moving to point:
A)H.
B)I.
C)J.
D)K.

Question

Use the following to answer question: 
-(Figure: Consumer Equilibrium IV)Use Figure Consumer Equilibrium IV.Assume that you are consuming the combination of goods at point G.Given the budget constraint FL,utility can be increased by moving to point:
A)H. 
B)I. 
C)J. 
D)K.

Quizplus · Accepted Answer

Point I is on a higher indifference curve than point G while still being on the budget line FL, indicating a higher level of utility without exceeding the budget.

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