Multiple Choice
In indifference curve analysis, the consumer's utility- maximizing point is where
A) the consumer's marginal utility curve is tangent to the relevant budget line.
B) the indifference curve farthest from the origin intersects with the budget line that is farthest from the origin.
C) each indifference curve has the same slope as the relevant budget line.
D) the price- consumption line is tangent to the budget line.
E) one indifference curve is tangent to the relevant budget line.
Correct Answer:

Verified
Correct Answer:
Verified
Q24: An indifference curve plotted for two different
Q47: The paradox in "the paradox of value"
Q48: If the income effect is negative and
Q50: If John consumes only two goods, A
Q51: A demand curve for a normal good
Q53: Consumer surplus is<br>A) the same as total
Q54: The diagram below shows a set of
Q55: The table below shows the total
Q56: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5438/.jpg" alt=" FIGURE 6- 8
Q57: A basic hypothesis of marginal utility theory