A consumers budget constraint identifies the different bundles of goods and services that can be purchased, given income and prices. A bundle of goods that is located inside the budget constraint:
i. is unattainable with the consumers income
ii. is attainable and will not exhaust the consumers income if it were purchased
iii. will yield less utility than any bundle located on the budget constraint
iv. will yield less utility than any bundle located outside the budget constraint
A.i
B.ii
C.iii
D.iv
E.i and iii
F.i and iv