The diagram on the right shows a consumer's budget line and three indifference curves for goods...

 

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The diagram on the right shows a consumer's budget line and three indifference curves for goods X and Y. At which point does the consumer maximize total satisfaction? OA. Point A B. Point B C. Point C O D. There is no satisfaction maximizing point, because there is no point of tangency between the budget line and an indifference curve. Good Y A B Good X Q The diagram on the right shows a consumer's budget line and three indifference curves for goods X and Y. At which point does the consumer maximize total satisfaction? OA. Point A B. Point B C. Point C O D. There is no satisfaction maximizing point, because there is no point of tangency between the budget line and an indifference curve. Good Y A B Good X Q

Answer rating: 100% (QA)

Answer Ans A Point A A good good X The Consumers by the tangency o... View the full answer