A Consumer Is in Equilibrium When the Consumption Point Is

question 442

Multiple Choice

A consumer is in equilibrium when the consumption point is on

• A) the budget line.
• B) an indifference curve.
• C) the highest indifference curve that just touches the budget line.
• D) none of the above.

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Definitions:

Simp

An internet slang term derogatorily used to describe someone who is perceived as overly submissive or attentive to someone else, often without receiving any attention or affection in return.

Add

To attach or combine one thing with another to augment its size, quantity, or total.

UI

This term might refer to "User Interface," which is the means by which a user interacts with a computer, software, or application.

Assumption

A statement accepted as true without proof, often forming the basis of an argument or hypothesis.