Solved

Consumer Equilibrium Exists When the

Question 50

Multiple Choice

Consumer equilibrium exists when the


A) slope of the indifference curve is greater than the slope of the budget constraint.
B) consumer is on his highest indifference curve.
C) marginal rate of substitution is greater than the slope of the budget constraint.
D) slope of the indifference curve equals the slope of the budget constraint.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q8: A person is said to be in

Q45: Exhibit 20-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9059/.jpg" alt="Exhibit 20-1

Q47: Exhibit 20-6 ​<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9059/.jpg" alt="Exhibit 20-6 ​

Q51: The MU\P ratio for good X is

Q52: Exhibit 20-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9059/.jpg" alt="Exhibit 20-4

Q54: The law of diminishing marginal utility helps

Q55: Exhibit 20-8 ​<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9059/.jpg" alt="Exhibit 20-8 ​

Q67: You and your roommate are eating pizza

Q85: Behavioral economists contend that the traditional economic

Q168: Suppose you are eating slices of pizza