In indifference curve analysis, the consumer's utility-maximizing point is where

Question 10 Select one:

a.

each indifference curve has the same slope as the relevant budget line.

b.

the indifference curve farthest from the origin intersects with the budget line that is farthest from the origin.

c.

the consumer's marginal utility curve is tangent to the relevant budget line.

d.

one indifference curve is tangent to the relevant budget line.

e.

the price-consumption line is tangent to the budget line.