Re: isi 2004

Posted by L on Mar 04, 2015; 7:17pm
URL: http://discussion-forum.276.s1.nabble.com/isi-2004-tp7424769p7595890.html

I think answer should be (c).
We have two BCs, px+y=I and qx+y=I-C, then, it is entirely possible that at the point of intersection, one of the BCs may or  may not be tangent to indifference curve.
Somebody please confirm.