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-In the Above Figure, Which of the Following Statements Is

Question 65

Multiple Choice

-In the above figure, which of the following statements is true? I. The consumer maximises utility by consuming at point A. II. The marginal rate of substitution at point B and point A are equal because they are on the same budget line. A) Only I B) Only II C) Both I and II D) Neither I nor II
-In the above figure, which of the following statements is true?
I. The consumer maximises utility by consuming at point A.
II. The marginal rate of substitution at point B and point A are equal because they are on the same budget line.


A) Only I
B) Only II
C) Both I and II
D) Neither I nor II

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