Multiple Choice
An optimising consumer will select a consumption bundle in which utility is maximised:
A) and prices are minimised
B) and income is maximised
C) and indifference curves are linear
D) subject to constraints imposed by her budget
Correct Answer:

Verified
Correct Answer:
Verified
Q79: The marginal rate of substitution is also
Q80: When the price of a good rises,
Q81: Which of the following statements about welfare
Q82: The marginal rate of substitution is:<br>A)the slope
Q83: The backward bending portion of an individual
Q85: Graph 22-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 22-1
Q86: When income increases, a budget constraint will:<br>A)shift
Q87: Graph 22-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 22-3
Q88: A budget constraint shows the bundles of
Q89: When the price of a good decreases,