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

-(Exhibit: Consumer Equilibrium 3) The highest attainable level of utility, given budget constraint FL, 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 attainable level of utility, given budget constraint FL, is at point:
A) G. 
B) H. 
C) I. 
D) J.

Quizplus · Accepted Answer

Point I represents the highest attainable level of utility given the budget constraint FL because it is the point where the budget line just touches the highest possible indifference curve without crossing it, indicating the most preferred combination of goods within the consumer's budget.

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