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Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
we represent a consumer 's equilibrium bundle of goods, the most preferred affordable combination of Good X and GoodY, as the point where the [...] is just tangent to the budget line.
Answer
highest attainable indifference curve

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
we represent a consumer 's equilibrium bundle of goods, the most preferred affordable combination of Good X and GoodY, as the point where the [...] is just tangent to the budget line.
Answer
?

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
we represent a consumer 's equilibrium bundle of goods, the most preferred affordable combination of Good X and GoodY, as the point where the [...] is just tangent to the budget line.
Answer
highest attainable indifference curve
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we represent a consumer 's equilibrium bundle of goods, the most preferred affordable combination of Good X and GoodY, as the point where the highest attainable indifference curve is just tangent to the budget line.

Original toplevel document (pdf)

owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p52

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