Multiple Choice
A consumer chooses an optimal consumption point where the
A) marginal rate of substitution is maximized.
B) rate at which the consumer is willing to trade one good for another equals the price ratio.
C) price ratio is minimized.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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Q433: Figure 21-13 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-13
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Q435: Figure 21-8 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-8
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Q443: Figure 21-16 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-16