Explain why a consumers optimal choice is the point at which her budget constraint is tangent to

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Explain why a consumer’s optimal choice is the point at which her budget constraint is tangent to an indifference curve.

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Public Finance and Public Policy

ISBN: 978-1429278454

4th edition

Authors: Jonathan Gruber

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Question Posted: Apr 25, 2015 07:31 AM

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Explain why a consumers optimal choice is the point at which her budget constraint is tangent to

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Consumers optimize their choice when they are on the highest possible indifference ...View the full answer

Public Finance and Public Policy

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