Multiple Choice
At the point of consumer equilibrium,the slope of the budget line is equal to the:
A) market rate of indifference.
B) indifference curve.
C) marginal rate of substitution.
D) consumer preference.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q99: Given that income is $300,the price of
Q100: If you include in your offerings some
Q101: The property that implies that indifference curves
Q102: In order to encourage energy conservation,many public
Q103: Suppose a consumer derives satisfaction from consuming
Q105: Suppose a consumer has M = $200
Q106: Over the past decade,medical costs have increased
Q107: P<sub>X</sub>X + P<sub>Y</sub>Y = M is called:<br>A)
Q108: Given that income is $200 and the
Q109: If the price of good X increases,what