The optimal combination of goods for a consumer to purchase is shown by
a. any intersection of the indifference curve and the budget line.
b. the point where the budget line touches the vertical axis.
c. a point of tangency between the budget line and the indifference curve.
d. the point at which the indifference curve parallels the horizontal axis.
e. the intersection of two indifference curves.
c
You might also like to view...
In most less developed countries, the initial target of import substitution is to promote domestic production of
(a) consumer goods. (b) food and other agricultural goods. (c) capital goods. (d) manufactured intermediate goods.
Which of the following would generate positive externalities?
a. Flu vaccinations. b. Farmers' use of pesticides. c. Cigarette smoking in elevators. d. Litter left at the beach. e. An unkept front yard.