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tanminnow903Lv1
11 Dec 2019
To maximize utility, consumers choose a consumption bundle:
A. where the slope of the budget constraint is equal to the ratio of the good price on the horizontal axis divided by the price of the good on the vert axis (multiplied by minus one).
B. on the highest indifference curve given the budget constraint.
C. where indifference curves intersect one another.
D. where the marginal utility of each product is maximized.
E. where the slope of the highest indifference curve is equal to the marginal rate of substitution
To maximize utility, consumers choose a consumption bundle:
A. where the slope of the budget constraint is equal to the ratio of the good price on the horizontal axis divided by the price of the good on the vert axis (multiplied by minus one).
B. on the highest indifference curve given the budget constraint.
C. where indifference curves intersect one another.
D. where the marginal utility of each product is maximized.
E. where the slope of the highest indifference curve is equal to the marginal rate of substitution
teacherrecoLv10
27 Feb 2022
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18 Feb 2022
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manhokwe tawandaLv10
25 Mar 2021
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