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Question Practice

When a consumer is at their optimal choice point, what relationship is true?

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MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Theory Of Consumer Behaviour
Question Bank

When a consumer is at their op...

Single Answer MCQ
Q-00089325

When a consumer is at their optimal choice point, what relationship is true?

1

Marginal utility from both goods is zero

2

Marginal Rate of Substitution equals the price ratio

3

Total utility is maximized

4

More of one good is consumed than the other

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Q3.

Which of the following best describes an indifference curve?

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Q4.

What shapes the typically convex shape of an indifference curve?

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