This topic contains a solution. Click here to go to the answer

Author Question: In the indifference curve/budget line framework, at the consumer equilibrium, the consumer (Read 76 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
In the indifference curve/budget line framework, at the consumer equilibrium, the consumer
◦ is on the budget line.
◦ is on the highest attainable indifference curve.
◦ has a marginal rate of substitution equal to the relative price of the goods.
◦ Only answers is on the budget line and is on the highest attainable indifference curve are correct.
◦ Answers is on the budget line, is on the highest attainable indifference curve, and has a marginal rate of substitution equal to the relative price of the goods are correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

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

elyse44

  • Sr. Member
  • ****
  • Posts: 319
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




jrubin

  • Member
  • Posts: 552
Reply 2 on: May 24, 2019
Wow, this really help


cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

For a complete list of videos, visit our video library