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

Author Question: If a person consumes only two goods, which of the following is NOT necessary for a consumer to be at ... (Read 86 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
on: May 24, 2019
If a person consumes only two goods, which of the following is NOT necessary for a consumer to be at his or her best affordable point of consumption?
◦ The consumer chooses a bundle of goods that lies on his or her budget line.
◦ The consumer is on his or her highest attainable indifference curve.
◦ The consumer chooses equal amounts of both goods.
◦ The marginal rate of substitution between the two goods is equal to the relative price of those two goods.
◦ The indifference curve is tangent to the budget line.
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 RODY.ELKHALIL on May 24, 2019

lin77x

  • Sr. Member
  • ****
  • Posts: 326
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


RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
Reply #2 on: May 24, 2019
Thanks


lin77x

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: May 24, 2019
Welcome :)


« previous next »
 

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

The visual field as seen by a person with (a) glaucoma, (b) macular degeneration, and (c) cataracts. The visual field as seen by a person with (a) glaucoma, (b) macular degeneration, and (c) cataracts.
An example of color blindness test. A person with red-green color blindness would not be able to dis An example of color blindness test. A person with red-green color blindness would not be able to dis
Relative Energy Consumption per Person for Selected Countries Relative Energy Consumption per Person for Selected Countries
At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
A person with a defective "P" gene might only have it effect the EYES A person with a defective "P" gene might only have it effect the EYES
Infants often rely on a caregiver as a secure base when they meet a new person. Infants often rely on a caregiver as a secure base when they meet a new person.
Video: Endocytosis - pinocytosis, receptor mediated and Transcytosis

For a complete list of videos, visit our video library