QUESTION 3 Consumption bundles that lie above the boundary e

QUESTION 3 Consumption bundles that lie above the boundary established by the budget line: a are preferred by the consumer but are not affordable O b. are not preferred by the consumer OC. are affordable for the consumer. o d. do not exhaust the consumer\'s income

Solution

Consumption bundles which lie above budget line are always preferred but not attainable given the budget

Hence option a is corrrect.