Which consumption bundle is true, economics homework help
Description
FYI – All the point are supposed to lie on the indifference curves for these questions even if they appear a touch off.
Based on the budget constraint and 3 indifference curves shown here we know that:
A. | 10 apples and 10 pizzas is not feasible but provides more utility than the best feasible bundle | |
B. | 10 apples and 10 pizzas is not feasible and provides less utility than the best feasible bundle | |
C. | 10 apples and 10 pizzas is feasible but not utility-maximizing | |
D. | 10 apples and 10 pizzas is feasible and utility-maximizing |
Please explain answer in detail if possible!
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