The equilibrium consumption bundle is » MCQ Academy English

Managerial Economics

The equilibrium consumption bundle is

The bundle where the budget line and the indifference curve meet
The affordable bundle that yields the greatest satisfaction to the consumer
Any bundle that is the farthest from the origin
Any affordable bundle in the budget set

Note

The equilibrium consumption bundle is the affordable bundle that yields the greatest satisfaction to the consumer

Tags: The Theory of Individual Behavior

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