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Ao9 Ao9
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Posts: 1908
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8 years ago
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 intersects the indifference curve.
B) the real wage and the budget line is tangent to an indifference curve.
C) minus the real wage and the budget line intersects the indifference curve.
D) minus the real wage and the budget line is tangent to the indifference curve.
Textbook 
Macroeconomics

Macroeconomics


Edition: 5th
Author:
Read 211 times
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GordisGordis
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#1
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Posts: 1906
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8 years ago
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Ao9 Author
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#2
8 years ago
You're sharp, thanks!
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#3
8 years ago
Glad to help...
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