Given a typical set of indifference curves and a budget constraint for a 1-period (2-date)consumption model,where will the optimum consumption pair (for date 1 and date 2)be found on the graph and why is it optimal?

Question

Quizplus · Accepted Answer

The Answer of Given a typical set of indifference curves and a budget constraint for a 1-period (2-date)consumption model,where will the optimum consumption pair (for date 1 and date 2)be found on the graph and why is it optimal?

Given a Typical Set of Indifference Curves and a Budget