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Leah consumes at a point on her budget line where her marginal rate of substitution is less than the magnitude of the slope of her budget line. As Leah moves towards her best affordable point, she will move to Select one: A. a higher indifference curve. B. a higher budget line. OC. a lower indifference curve. OD. a tangent point on the same indifference curve. O E. a lower budget line. Clear my choice

Leah consumes at a point on her budget line where her marginal rate of substitution is less than the magnitude of the slope of her budget line. As Leah moves towards her best affordable point, she will move to Select one: A. a higher indifference curve. B. a higher budget line. OC. a lower indifference curve. OD. a tangent point on the same indifference curve. O E. a lower budget line. Clear my choice

Micro Economics For Today
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section6.A: Indifference Curve Analysis
Problem 2SQP
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Leah consumes at a point on her budget line where her marginal rate of substitution is less than the magnitude of the slope of her budget line. As Leah moves towards her best affordable point, she will move to Select one: A. a higher indifference curve. B. a higher budget line. OC. a lower indifference curve. OD. a tangent point on the same indifference curve. O E. a lower budget line. Clear my choice
Transcribed Image Text:Leah consumes at a point on her budget line where her marginal rate of substitution is less than the magnitude of the slope of her budget line. As Leah moves towards her best affordable point, she will move to Select one: A. a higher indifference curve. B. a higher budget line. OC. a lower indifference curve. OD. a tangent point on the same indifference curve. O E. a lower budget line. Clear my choice
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