UGC NET Economics Q77

Question

Which of the followings are true regarding the outcome of a consumer's optimization process.
A. The marginal utility per rupee spent on each good is the same.
B. The marginal rate of substitution between goods is equal to the ratio of the prices between the goods.
C. The consumer reaches the highest indifference curve in the indifference map.
D. The consumer indifference curve is tangent to his/her budget line.
E. From utility point of view, consumer is indifferent between any two points on his/her budget line.
Choose the correct answer from the options given below :

Accepted Answer

A, B, D & E Only