Question

M=12 P1=4 P2=2.Find the equation of the budget line and consumption bundles on the budget line.​

Answer 1

Answer:

It's saying that the price of the good on the x-axis multiplied by that same good's quantity, plus the price of the good on the y-axis multiplied by its own quantity, is equal to income. Additionally, the budget constraint's slope is the negative of the of the x-axis good's price divided by the y-axis good's price