Figure 21-16
-Refer to Figure 21-16. The price of X is $20, the price of Y is $5, and the consumer's income is $40. Which point represents the consumer's optimal choice?
A)A
B)B
C)C

Name: Figure 21-16 -Refer to Figure 21-16. The price of X is $20, the price of Y is $5, and the consumer's income is $40. Which point represents the consumer's optimal choice? A)A B)B C)C
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Question

Figure 21-16 
-Refer to Figure 21-16. The price of X is $20, the price of Y is $5, and the consumer's income is $40. Which point represents the consumer's optimal choice?
A)A 
B)B 
C)C

Quizplus · Accepted Answer

The consumer's optimal choice is at point A, where the budget line is tangent to the indifference curve.

Figure 21-16 -Refer to Figure 21-16. the Price of X Is $20