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Author Question: How do constraints affect our choices?[br][br][b][color=black]Question 2[/color][/b][br][br]A ... (Read 84 times)

Mr.Thesaxman

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on: Jun 30, 2018
How do constraints affect our choices?

Question 2

A consumer is in equilibrium when the slope of his or her indifference curve is equal to his or her budget constraint.
 a. True
  b. False
  Indicate whether the statement is true or false


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Andromeda18

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Constraints put limits on our choices, and differences in the constraints different people face lead them to different choices.

Answer to Question 2

False


Mr.Thesaxman

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

ttt030911

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

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