At the Optimal Consumption Bundle,the Marginal Rate of Substitution of Leisure

question 37

Multiple Choice

At the optimal consumption bundle,the marginal rate of substitution of leisure for consumption is equal to

• A) the real wage and the budget line is tangent to an indifference curve.
• B) minus the real wage and the budget line is tangent to the indifference curve.
• C) the real wage and the budget line intersects the indifference curve..
• D) minus the real wage and the budget line intersects the indifference curve.
• E) the real wage and on the highest possible indifference curve.

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Fill Handle

A feature in spreadsheet software that allows users to extend a series of values, formulas, or data by dragging a small square at the corner of the selected cell(s).

NETWORKDAYS Function

A function in spreadsheets that calculates the number of working days between two dates, excluding weekends and any specified holidays.

Rotate Text

Altering the orientation of text to a specified angle, deviating from the standard horizontal alignment.

Fill Handle

A feature in spreadsheet programs that allows users to extend a series of data or formulas to adjacent cells by dragging the handle.