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Exhibit 10-6 Refer to Exhibit 10-6

Question 16

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Exhibit 10-6 Exhibit 10-6 Refer to Exhibit 10-6.Based on the graph with the budget constraint as indicated,the highest level of utility possible would be: A) on I<sub>1</sub>. B) on I<sub>2</sub>. C) on I<sub>3</sub>. D) on any of the curves because they represent equal levels of utility. Refer to Exhibit 10-6.Based on the graph with the budget constraint as indicated,the highest level of utility possible would be:


A) on I1.
B) on I2.
C) on I3.
D) on any of the curves because they represent equal levels of utility.

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