The Consumer Is in Equilibrium When

question 123

Multiple Choice

The consumer is in equilibrium when

• A)MRT = MRS.
• B) / = / .
• C)the budget line is tangent to the indifference curve at the bundle chosen.
• D)All of the above.

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Definitions:

Securities

Financial instruments that signify ownership in a public company (stocks), a creditor relationship with a governmental body or a corporation (bonds), or rights to ownership as represented by an option.

Fractional Interest

Ownership in a part or fraction of an asset, where the ownership is shared among multiple parties.

Debt Instruments

Financial vehicles representing a promise to pay back borrowed funds, including bonds, notes, and debentures.

Unanimous Approval

Agreement or consent by all members or parties involved without any dissent.