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Author Question: In a budget line/indifference curve diagram, at the consumer's equilibrium at the best affordable point, (Read 149 times)

jon_i

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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
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Marked as best answer by jon_i on May 24, 2019

fwbard

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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.
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jon_i

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Reply 2 on: May 24, 2019
Excellent

cici

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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