In the above figure, if the budget line is the line DF, the consumer will maximize utility at point
A. A.
B. B.
C. C.
D. G.
Answer: C
You might also like to view...
Suppose that the CPI in Thailand was 345 in 2015 and 388 in 2016. The inflation rate between those two years was approximately:
A. 11.2 percent. B. 14.3 percent. C. 12.5 percent. D. 43 percent.
The most important source of financial capital for firms today is
A) sale of bonds. B) sale of new issues of stock. C) trade of previously issued stock. D) reinvestment of profits.
If the federal government borrows from households to pay for increased budget deficits, this will cause
A. a decrease in planned investment and an increase in planned consumption. B. an increase in planned investment and planned consumption. C. an increase in planned investment and a decrease in planned consumption. D. a decrease in planned investment and planned consumption.
A major problem with using a tradable emission allowances system to control pollution is
A) that it grants firms a license to pollute. B) the difficulty in determining the emissions target. C) it discourages firms from implementing cost-effective pollution control technology. D) that it does not eliminate pollution completely.