This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In a budget line/indifference curve diagram, at the consumer's equilibrium at the best affordable point, (Read 86 times)

jon_i

  • Hero Member
  • *****
  • Posts: 549
on: May 24, 2019
In a budget line/indifference curve diagram, at the consumer's equilibrium at the best affordable point,
◦ any movement upward or downward on the budget line will move the consumer to a less preferred point.
◦ any movement to the northeast to higher indifference curves moves the consumer to a less preferred point.
◦ the slope of the budget line exceeds the marginal rate of substitution by as much as possible.
◦ the budget line has a positive slope and the indifference curve has a negative slope.
◦ the budget line has a negative slope and the indifference curve has a positive slope.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jon_i on May 24, 2019

fwbard

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


jon_i

  • Member
  • Posts: 549
Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Hubble’s Tuning Fork Diagram Hubble’s Tuning Fork Diagram
The “Flat Head” (Chinook) Indians acquired their name through shaping in infancy, as shown in a diag The “Flat Head” (Chinook) Indians acquired their name through shaping in infancy, as shown in a diag
Monosaccharides Diagram Monosaccharides Diagram
Rectification column Schematic diagram Rectification column Schematic diagram
Finger pressure to a trigger point. Finger pressure to a trigger point.
A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ... A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ...
Video: Embryonic development - week 1 and 2

For a complete list of videos, visit our video library