In Most Cases,at the Optimal Consumption Bundle

question 15

Multiple Choice

In most cases,at the optimal consumption bundle:

• A) the consumer cannot increase utility without some change in market conditions or preferences.
• B) the last dollar spent on each good brings the same amount of satisfaction to the consumer.
• C) the marginal rate of substitution is equal to the absolute values of the slope of the budget constraint.
• D) the indifference curve is just tangent to the budget constraint.
• E) all of the above

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