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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 90 times)

Mr.Thesaxman

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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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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
Great answer, keep it coming :)


scikid

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Reply 3 on: Yesterday
Wow, this really help

 

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