Economy, asked by diyawadhera, 8 months ago

State true or false
(1) In case of Indifference curve consumer is in equilibrium if MRSXY = PX/PY

(2) A consumer is in equilibrium when Indifference curve equals budget line. 

(3) An Indifference curve (IC) is convex to the origin because of increasing MRSxy.

(4) The bundles of budget set lie either on or below the budget line.

(5) Two ICS intersect each other when they represent same level of satisfaction.

(6) Total utility is minimum when MU is zero.​

Answers

Answered by kaushikghosh02101995
0

Answer:

true make me a brainlist

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