In order to maximize utility subject to budget constraint

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In order to maximize utility subject to a budget constraint, consumers will:

A) choose the consumption bundle where the indiffernece curve intersects the budget constraint.

B) equate the slope of the indifference curve and the level of income.

C) equate the slopes of the indifference curve and the budget constraint.

D) not generally use the budget constraint in reaching a decision

Reference no: EM131238807

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