Question

budget line is also known as iso product line true or false​

Answer 1

Answer:

false

because it in also known

Consumption possibility line

Answer 2

It is false.

Budget line is not known as iso product line.

1. Budget line shows all possible combinations of two goods that can be consumed by an individual at a given income and market price.
2. Whereas, iso product curve shows all possible combinations of two factors that can produce same level of output.
3. Budget line is from consumer's perspective whereas iso product line is from producer's perspective.