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

Similar Questions

The distribution of goods is said to be completed when it reaches the ...

A commodity will be demanded only if ...

The graphs illustrate ...

Deposit held in a commercial bank are part of ...

The number of people who are qualified to work and who offer themselves for employment are called ...

In order to control inflation, the government should ...

Choice involves opportunity cost because ...

If the percentage change in the income of the consumers of an industrial product is less than the re...

The production possibility curve can be used to explain the underlying concepts of ...

Government's involvement in agricultural business in Nigeria is most manifested in the ...