A Point Where the Budget Line Is Just Touching an Indifference

question 54

Multiple Choice

A point where the budget line is just touching an indifference curve at one point is

• A) the least affordable point.
• B) the best affordable point.
• C) on the lowest attainable indifference curve.
• D) Both answers B and C are correct.
• E) Both answers A and C are correct.

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Definitions:

Creator

An individual who brings new ideas or objects into existence through imaginative skill or artistic effort.

ABC Method

A prioritization technique used in time management, where tasks are categorized into three levels of importance: A (most important), B (important), and C (least important).

Visualization And Affirmation

Techniques involving mental imagery and positive statements to help achieve goals and improve self-esteem.

Mission Statement

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