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Author Question: The point where an indifference curve just touches the budget line at one point (Read 39 times)

strangeaffliction

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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
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Marked as best answer by strangeaffliction on May 24, 2019

nathang24

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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.
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strangeaffliction

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Reply #2 on: May 24, 2019
Excellent


nathang24

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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