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Other Fields Homework Help Economics Topic started by: Costa on Jan 7, 2018



Title: Which of the following is not a condition for maximum satisfaction from a given budget?
Post by: Costa on Jan 7, 2018
Which of the following is not a condition for maximum satisfaction from a given budget?
A) The marginal rate of substitution equals the ratio of the prices of the goods
B) The budget line is tangent to an indifference curve
C) The consumer can reach the highest curve on the indifference map, even beyond the budget line
D) The consumer has no interest in selecting an alternative combination


Title: Re: Which of the following is not a condition for maximum satisfaction from a given budget?
Post by: yameth on Jan 7, 2018
C