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Commerce · Q1157

Economics

Graduate and Post Graduate · Commerce · question 1157

Q1157

A point where the budget line is just touching an indifference curve at one point is

A.
The best affordable point
Answer
B.
The least affordable point
C.
On the lowest attainable indifference curve
D.
Both B and C are correct

Answer: Option A

Solution

Answer: Option A
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