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 153 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

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

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?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Diagram of a typical fossil-fueled power plant Diagram of a typical fossil-fueled power plant
Uranus's aurorae against its equatorial rings, imaged by the Hubble telescope. Unlike the auror Uranus's aurorae against its equatorial rings, imaged by the Hubble telescope. Unlike the auror
cell line selection cell line selection
Diagram of the Glomerulus Diagram of the Glomerulus
anatomy diagram anatomy diagram
The forked-line method for determining gamete genotype frequency The forked-line method for determining gamete genotype frequency
Video: Nerve Impulse Transmission Animation

For a complete list of videos, visit our video library