Exhibit 6A-4 Consumer equilibrium
?
Given the budget line and indifference curves shown in Exhibit 6A-4, point E is:
A. inferior to point X.
B. lowest attainable level of total utility.
C. consumer equilibrium.
D. unobtainable.
Answer: D
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Use the information in that table to complete the table below, which has in it the opportunity costs of moving from one production point to another. Do not forget to note the units of the opportunity costs. Movement from Opportunity cost Movement from Opportunity cost A to B D to C B to C C to B C to D B to A
Other things constant, the economy's aggregate demand curve shows that
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