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lilricemunch lilricemunch
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A year ago
In indifference curve analysis, the consumer's utility-maximizing point is where

▸ each indifference curve has the same slope as the relevant budget line.

▸ the consumer's marginal utility curve is tangent to the relevant budget line.

▸ the indifference curve farthest from the origin intersects with the budget line that is farthest from the origin.

▸ one indifference curve is tangent to the relevant budget line.

▸ the price-consumption line is tangent to the budget line.
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Microeconomics

Microeconomics


Edition: 17th
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john a.john a.
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A year ago
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