Economy, asked by rongpisarkiri197, 24 days ago

Explain consumer optimum with the help of indifference curve approch.

Answers

Answered by siyasheoran1234
1

To maximize utility, a consumer chooses a combination of two goods at which an indifference curve is tangent to the budget line. At the utility-maximizing solution, the consumer's marginal rate of substitution (the absolute value of the slope of the indifference curve) is equal to the price ratio of the two goods.

Hope it helps

Mark me as brainliest ✌️ ✌️

Siya signing _off

Answered by SэѓɑpʜícЅтɑѓ
0

if u don't know the answer then don't answer understood u coward

evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7bevaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7evaluate (-2)×(-2)×(-5)×7

Similar questions