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Managerial Economics · Quiz 2 · 4 Aug 2024 · May 2024 term

Question 7: What is true about the optimal bundle of Mohan

Question 7

+1 markOne correct option

Based on the above data, answer the given subquestions.

What is true about the optimal bundle of Mohan

  1. A

    The optimal bundle lies in interior

  2. B

    The optimal bundle is at a corner point

  3. C

    Budget line is a tangent to Mohan’s indifference curve at optimal bundle

  4. D

    None of these

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Correct answer

  • B

    The optimal bundle is at a corner point

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Question 7 of 17 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 2 paper sat on 4 Aug 2024, in the May 2024 term (IIT M DEGREE AN EXAM QDB2 4 Aug 2024). It carries 1 mark.

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