Economy, asked by AnnieEllen321, 2 months ago

Define slope of budget line.

Answers

Answered by ishuishanigupta

The slope of the budget line is the amount of good 2 given up to have one more unit of good 1. The price of one unit of good 1 is P1. To have one more unit of good 1, therefore, consumption of good 2 must be reduced by P1 amount.

Previous Question

Next Question

Similar questions

History, 1 month ago

a). Simplify: 5 2/3 -5 1/6 + 2 5/6 ?

English, 1 month ago

Article is written in a box ? TRUE AND FALSE...

Science, 1 month ago

correct option: 2) 2 Can somebody provide me the correct working and explanation?

Science, 2 months ago

thymine is un RNA, intragen hose replaced by uraril write or wrong...

Physics, 2 months ago

For an inelastic collision, the value of e is A) greater than 1 B) less than 1 C) equal to 1 D) none of these...

Math, 9 months ago

0.020 300 30003 rational number or irrational number...

Science, 9 months ago

During ancient period the ____________ provided sufficient water...

Math, 9 months ago

urgent answer me maths is bad or good...

Define slope of budget line.​

Answers

Define slope of budget line.