a. Label the equilibrium that gives you the optimal level of consumption as point
A.
b. Fill in the consumer surplus in the graph.
c. Using the concept of an inverse demand curve, explain why it is optimal to consume at Point A
a. Label the equilibrium that gives you the optimal level of consumption as point
A.
b. Fill in the consumer surplus in the graph.
c. Using the concept of an inverse demand curve, explain why it is optimal to consume at Point A
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