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Home Q & A Board Other Fields Homework Help Business Economics
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AndrewKraus AndrewKraus
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6 years ago
In the following figure, BL is the budget line and IC1 and IC2 are two indifference curves of a consumer. Why does the optimal bundle for the consumer lie on indifference curve IC1, when IC2 represents a higher level of satisfaction?
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Microeconomics

Microeconomics


Edition: 1st
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SudzburySudzbury
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6 years ago
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AndrewKraus Author
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#2
6 years ago
Needed this for my economics assignment, thanks
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