In the diagram above, ST is the budget line while l,ll an...
In the diagram above, ST is the budget line while l,ll and lll represent indifference curves. A rational consumer will choose to consume at point
M
J
K
L
Correct answer is D
No explanation has been provided for this answer.
Similar Questions
Perfect knowledge of events in a perfect market will be made possible by the existence of ...
Which of the following is not emphasized in a product possibility curve? ...
The type of monopoly that develops as a result of uneven distribution of resources is called ...
An example of government's recurrent expenditure is ...
The final stage in the production process of any commodity involves its movement from the ...
One of the functions of Development Banks is to ...
In production, the formula total product/number of men employed is used to calculate ...
Which of the following banks grant credit facilities to individuals wishing to build houses? ...
Which of the following will NOT bring about an increase in Labour force? ...