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
0
Answer:
true make me a brainlist
Similar questions
Accountancy,
4 months ago
Math,
4 months ago
India Languages,
8 months ago
Math,
8 months ago
Math,
1 year ago
Math,
1 year ago