Utility maximizing bundle that consumers can afford

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Reference no: EM13802538

How do we graphically represent the utility maximizing bundle that consumers can afford?

a. The point at which the indifference curve and the budget constraint cross

b. The point where the budget constraint crosses the X or Y axis

c. The point of tangency between an indifference curve and the budget constraint

d. A point on the indifference curve that is to the right of the budget constraint

Reference no: EM13802538

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