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which of the following is true?multiple choiceindifference curves may intersect.at a point of consumer equilibrium, the mrs always equals 1.if income increases, a consumer will always consume more of a good.an indifference curve represents combinations of consumption bundles that yield the same utility.

Respuesta :

Maximum satisfaction is referred to as "consumer's equilibrium."

What is Consumer Equilibrium?

  • It is assumed that when consumers choose how much of a given commodity or service to buy, their goal is to maximize total utility.
  • The customer must contend with a number of restrictions in order to maximize total utility, the two most significant of which are their income and the costs of the items and services they want to purchase.
  • The consumer's problem is the attempt made by the consumer to maximize total utility while taking these restrictions into account.
  • Consumer equilibrium is the answer to the consumer's issue, which involves choices on how much the consumer will consume of a variety of goods and services.

hence, Maximum satisfaction is referred to as "consumer's equilibrium."

learn more about consumer's equilibrium click here:

https://brainly.com/question/26059468

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