Question
A consumer's optimal bundle is located at the point of
tangency between the budget line and ________.Solution
The optimum bundle of the consumer is located at the point where the budget line is tangent to one of the indifference curves. The indifference curve is a geometrical device developed by J.R. Hicks and R.G.D. Allen in the article âA Reconsideration of the Theory of Valueâ.
In a rectangle, length : breadth = 4 : 3. What is the value of length : diagonal?
In the figure BD = CD = AC, â ABC = 27 ° , â ACD = y. Find value of x.
In the given Figure, Find  angle BCD. If AB is a diameter & AB is parallel to CD.
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If I is the incentre of ÎABC , if â BAC = 450 , then what is the measure of â BIC?
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