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The consumer is in equilibrium at a poin...

The consumer is in equilibrium at a point where the budget line:

A

Is above an indifference curve

B

Is below an indifference curve

C

Is tangent to an indifference curve ?

D

Cuts an indifference curve.

Text Solution

Verified by Experts

The correct Answer is:
C
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SANDEEP GARG-CONSUMER'S EQUILIBRIUM-Revision Exercise
  1. The consumer is in equilibrium when Marginal Utility from a Commodity ...

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  2. An Indifference Curve represents all those combinations of two goods w...

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  3. The consumer is in equilibrium at a point where the budget line:

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  4. Which of the shaded area in the diagrams below represent total utility...

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  5. If Marginal Rate of Substituation is constant throughtout, the Indiffe...

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  6. If Marginal Rate of Substituation is increasing throughout, the Indiff...

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  7. A consumer consumes only two goods, If price of one of the goods falls...

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  8. A consumer consumes only two goods X and Y both Priced at Rs 4 per uni...

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  9. A consumer consumes only two goods X and Y whose prices are Rs 3 and R...

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  10. In the following diagram, the situation of Consumer's Equilibrium and ...

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  11. Which Indifference Curve represents the highest level of satisfaction ...

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  12. An increase in income will lead to the following change in Bundget Lin...

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  13. The rotation of budget line in the following diagram is due to:

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  14. Marginal utility is:

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  15. Total utility is

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  16. Which of the following can be referred to as 'point of satiety' ?

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  17. At the Point of Satiety,

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  18. A consumer consumes only two goods. If price of one of the good falls,...

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  19. Slope of an indifference Curve is measured by:

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  20. If MU(y) = 20, MU(x) = 60, Price of Y = Rs 4, then what will be the pr...

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