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

Author Question: The point where an indifference curve just touches the budget line at one point (Read 114 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
on: May 24, 2019
The point where an indifference curve just touches the budget line at one point
◦ is the best affordable point.
◦ is where the marginal rate of substitution exceeds the relative price by as much as possible.
◦ is a point on the consumer's supply of spending curve.
◦ cannot be possible because indifference curves always cross the budget line at two points.
◦ None of these answers is 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 strangeaffliction on May 24, 2019

nathang24

  • Sr. Member
  • ****
  • Posts: 314
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 29% of students answer this correctly


strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
Reply #2 on: May 24, 2019
Excellent


nathang24

  • Sr. Member
  • ****
  • Posts: 314
Reply #3 on: May 24, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

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.
Frequency distribution curve: interpatient variability in drug response. Frequency distribution curve: interpatient variability in drug response.
A point-type ignition system showing the distributor cam which opens the points A point-type ignition system showing the distributor cam which opens the points
How to create a sine equation when the curve is given How to create a sine equation when the curve is given
The Kuznets Curve The Kuznets Curve
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Double Vacuum Process (Illustration No Audio)

For a complete list of videos, visit our video library