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Author Question: When a consumer's marginal rate of substitution between X and Y is equal to the ratio of prices for ... (Read 77 times)

Apple716

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on: Oct 12, 2022
When a consumer's marginal rate of substitution between X and Y is equal to the ratio of prices for X and Y, and when the consumer is spending all available income, then
◦ the consumer is not maximizing his utility.
◦ the budget line is tangent to the indifference curve at all quantities of X and Y.
◦ all budget lines are tangent to all indifference curves.
◦ a higher indifference curve can be reached given the existing budget line.
◦ the budget line is tangent to an indifference curve.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Apple716 on Oct 12, 2022

ludadtpb

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Reply #1 on: Oct 12, 2022
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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Apple716

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

Joy Chen

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Reply 3 on: Yesterday
Wow, this really help

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