Exhibit 6A-3 Consumer equilibrium

-Given the budget line and indifference curves shown in Exhibit 6A-3, point V is:
A) inferior to point X.
B) lowest attainable level of total utility.
C) unobtainable.
D) consumer equilibrium.

Question

Exhibit 6A-3 Consumer equilibrium
​ 
-Given the budget line and indifference curves shown in Exhibit 6A-3, point V is:
A) inferior to point X. 
B) lowest attainable level of total utility. 
C) unobtainable. 
D) consumer equilibrium.

Quizplus · Accepted Answer

Point V is unobtainable because it lies outside the budget line.

Exhibit 6A-3 Consumer Equilibrium