Kizspy | Question: 42 (Choose 1 answer)
Which of the following statements is not correct?
A. A consumer chooses an optimal consumption point where the marginal rate of substitution equals the relative price ratio.
B. A consumer chooses an optimal consumption point where the slope of the indifference curve equals the slope of the budget constraint.
C. A consumer chooses an optimal consumption point where the ratio of the marginal utilities equals the ratio of the prices.
D. A consumer chooses an optimal consumption point where the marginal rate of substitution is maximized.
