This topic contains a solution. Click here to go to the answer

Author Question: The figure above gives a consumer's budget line and two indifference curves. a.At which point is the ... (Read 68 times)

abc

  • Hero Member
  • *****
  • Posts: 543


The figure above gives a consumer's budget line and two indifference curves.
a.At which point is the marginal rate of substitution greater than the relative price?
b.At which point is the marginal rate of substitution less than the relative price?
c.Which point represents the consumer equilibrium?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by abc on May 24, 2019

wuly

  • Sr. Member
  • ****
  • Posts: 327
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




abc

  • Member
  • Posts: 543
Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it


pangili4

  • Member
  • Posts: 346
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

For a complete list of videos, visit our video library