Use the following graph showing a consumer's budget line and some indifference curves to answer the following questions. The consumer's income is $600.

-If the consumer is buying the combination at point A, the MRS is ________________ (greater, less) than the price _________, so the consumer should buy more ______ and less ______ in order to increase utility. The consumer would buy no combination on indifference curve III because _______________.

Question

Use the following graph showing a consumer's budget line and some indifference curves to answer the following questions. The consumer's income is $600.
 
-If the consumer is buying the combination at point A, the MRS is ________________ (greater, less) than the price _________, so the consumer should buy more ______ and less ______ in order to increase utility. The consumer would buy no combination on indifference curve III because _______________.

Quizplus · Accepted Answer

The Answer of Use the following graph showing a consumer's budget line and some indifference curves to answer the following questions. The consumer's income is $600.
 
-If the consumer is buying the combination at point A, the MRS is ________________ (greater, less) than the price _________, so the consumer should buy more ______ and less ______ in order to increase utility. The consumer would buy no combination on indifference curve III because _______________.

Use the Following Graph Showing a Consumer's Budget Line and Some