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

Author Question: In the indifference curve/budget line framework, at the consumer equilibrium, the consumer (Read 159 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
on: May 24, 2019
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.
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 jrubin on May 24, 2019

elyse44

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


jrubin

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

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Zonal wind speeds on Uranus. Shaded areas show the southern collar and its future northern counterpa Zonal wind speeds on Uranus. Shaded areas show the southern collar and its future northern counterpa
Scaling the Earth down to the size of a basketball, the Moon is roughly the size of a tennis ball. T Scaling the Earth down to the size of a basketball, the Moon is roughly the size of a tennis ball. T
Spectral Line Motion in Binary Star Systems Spectral Line Motion in Binary Star Systems
Line analysis of Gustave Caillebotte, Place de l'Europe on a Rainy Day. Line analysis of Gustave Caillebotte, Place de l'Europe on a Rainy Day.
OraQuick. A negative result would show a red line at the "C" mark, whereas a positive ... OraQuick. A negative result would show a red line at the "C" mark, whereas a positive ...
What will be the pH of the solution once equilibrium is established? What will be the pH of the solution once equilibrium is established?
Video: Energy Flow - Trophic Levels and Food

For a complete list of videos, visit our video library