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In the Indifference Curve/budget Line Framework,at the Consumer Equilibrium,the Consumer

Question 15

Multiple Choice

In the indifference curve/budget line framework,at the consumer equilibrium,the consumer


A) is on the budget line.
B) is on the highest attainable indifference curve.
C) has a marginal rate of substitution equal to the relative price of the goods.
D) Only answers A and B are correct.
E) Answers A, B, and C are correct.

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