Solved

At the Optimum

Question 53

Multiple Choice

At the optimum:


A) the slope of the indifference curve is equal to the slope of the budget constraint
B) it is still possible for the consumer to increase his consumption of both goods
C) the indifference curve would intersect the budget constraint at its centre
D) the budget constraint would have a slope of 1

Correct Answer:

verifed

Verified

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

Related Questions

Q48: Graph 22-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 22-3

Q49: Use a graph to demonstrate how an

Q50: With respect to the utility of the

Q51: The combination of two goods a consumer

Q52: If the budget constraint crosses an indifference

Q54: Amy purchases only coffee and croissants.If coffee

Q55: When economists describe preferences, they sometimes use

Q56: Using indifference curves and budget constraints, graphically

Q57: Graph 22-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 22-3

Q58: Amy purchases only coffee and croissants.The substitution