Which of the following is not true regarding the outcome of a consumers optimization process ?

A. The consumers indifference curve is tangent to his budget constraint

B. The consumer is indifferent between any two points on his budget constraint

C. The marginal rate of substitution between goods is equal to the ratio of the prices between goods

D. The consumer has reached his highest indifference curve subject to his budget constraint

E. The marginal utility per dollar spent on each good is the same

Be the first to comment if anything wrong with this mcq
Your comment successfully submitted!
It will automatically posted after review and approval by our staff member.