Excluding Corner Solutions, in Consumer Equilibrium, Which of the Following

question 43

Multiple Choice

Excluding corner solutions, in consumer equilibrium, which of the following is true?

• A)The marginal rate of substitution equals the slope of the budget constraint.
• B)The indifference curve is steeper than the budget constraint.
• C)The consumer is minimizing utility given the constraints.
• D)The consumer can improve his/her situation by consuming more of both goods.

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