Use the following to answer question(s): Consumer Equilibrium 3

-(Exhibit: Consumer Equilibrium 3) The highest level of utility shown in the exhibit is at point:
A) G.
B) H.
C) I.
D) J.

Question

Use the following to answer question(s): Consumer Equilibrium 3
 
-(Exhibit: Consumer Equilibrium 3) The highest level of utility shown in the exhibit is at point:
A) G. 
B) H. 
C) I. 
D) J.

Quizplus · Accepted Answer

Point J is the highest point on the budget line and is also on the highest possible indifference curve, indicating it is the consumer's optimal choice given their budget and preferences. Therefore, the best choice is only point J.

Use the Following to Answer Question(s): Consumer Equilibrium 3