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.