Question: please answer Refer to the below diagram. In this instance: MI V T k Y (Q) the consumer can choose any point on or below

 please answer Refer to the below diagram. In this instance: MI

please answer

V T k Y (Q) the consumer can choose any point on

Refer to the below diagram. In this instance: MI V T k Y (Q) the consumer can choose any point on or below the budget constraint line BC to maximize her! his satisfaction. 0 the consumer will find the highest utility where x and y just touch the U2 line 0 the BC line is diagonal because the amount spent on both goods is less or equal to income. O the consumer will fll'ld that every point along the U3 line is achievable

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