Figure 21-18
-Refer to Figure 21-18. Given the budget constraint depicted in the graph, the consumer's optimal choice will be point
A) B.
B) C.
C) D.
D) E.

Question

Figure 21-18 
-Refer to Figure 21-18. Given the budget constraint depicted in the graph, the consumer's optimal choice will be point
A) B. 
B) C. 
C) D. 
D) E.

Quizplus · Accepted Answer

The optimal choice for the consumer will be the point where the budget constraint is tangent to the highest possible indifference curve. This point is point B, which represents the highest level of satisfaction the consumer can achieve given their budget constraint. Points C, D, and E are all on a lower indifference curve and therefore provide less satisfaction than point B.

Figure 21-18 -Refer to Figure 21-18. Given the Budget Constraint Depicted in Constraint