In the above figure, point B A) is superior to point A. B) is ...

[leilurhhh]

In the above figure, point B
 
  A) is superior to point A.
  B) is inferior to point A.
  C) is as good as point A.
  D) could be superior to, inferior to, or as good as point A but there is no way of telling which.

Question 2

If a consumer is consuming a combination of goods and services on his budget line, has the consumer allocated his or her entire budget?
 
  What will be an ideal response?

[mfedorka]

Answer to Question 1

B

Answer to Question 2

Yes, the consumer has allocated his or her entire budget because the consumer is spending his or her entire budget.