Economy, asked by renukasoni1103, 11 months ago

What is a budget line? What does a point on it indicates in terms of prices?

Answers

Answered by Ritughara372

Answer:

In economics, a budget constraint represents all the combinations of goods and services that a consumer may purchase given current prices within his or her given income. Consumer theory uses the concepts of a budget constraint and a preference map to analyze consumer choices.

Previous Question

Next Question

Similar questions

Math, 5 months ago

a 2. Shanta had to make a model a of Cylindenical Kaleidoscope for her Science Project She wanted to use Chart Naper to make the Curved surface of the kaleidoscope, wha would be Lumea et Chart Paiver required by her , if she wanted to make a Kaleidoscope of length 25om with 3.5cm radius? 뜰 to make take i 22 23 7 ㅋ...

Science, 5 months ago

2) Which formula indicates Ohm's Law? $a) \: i = \frac{v}{r} \\ b)i = \frac{w}{t} \\ c)i = \frac{v}{t} \\ d)i = \frac{r}{v}$ ...