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-In the Above Figure, Which of the Following Statements Is

question 65

Multiple Choice

  -In the above figure, which of the following statements is true? I. The consumer maximises utility by consuming at point A. II. The marginal rate of substitution at point B and point A are equal because they are on the same budget line. A)  Only I B)  Only II C)  Both I and II D)  Neither I nor II
-In the above figure, which of the following statements is true?
I. The consumer maximises utility by consuming at point A.
II. The marginal rate of substitution at point B and point A are equal because they are on the same budget line.


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