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 85 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

atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Label the cutbank and point bar on this image. Label the cutbank and point bar on this image.
Interphase Diagram Interphase Diagram
A typical two-line cleaning machine hookup, showing an extension hose that can be used to squirt a ... A typical two-line cleaning machine hookup, showing an extension hose that can be used to squirt a ...
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 ...
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Kinetic parameters & Kinetic experiment

For a complete list of videos, visit our video library