At the point of tangency of an indifference curve with a budget line:

Related MCQs

• A movement from one point to another along an indifference curve makes the satisfaction:
• The convexity of an indifference curve shows:
• In the case of an indifference curve
• An Indifference Curve to the right of another represents combinations which are:
• As moving from left to right through an indifference curve, the MRS of X for Y
• The slope of an indifference curve represents:
• The ordering of combinations on an indifference curve is:
• Indifference Approach is related with:
• Saturation point is the point where:
• The curve showing the possibilities of production of desired good is known as: