Economy, asked by Nirainenjan, 9 months ago

what is budget line ​

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Answered by shumitra
4

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.

Answered by survimalleshgoud
1

Answer:

Budget constraint, where {\displaystyle A={\frac {m}{P_{y}}}} and {\displaystyle B={\frac {m}{P_{x}}}}

"Budget line" redirects here. For a budget line as a lower cost product range, see value brand.

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. Both concepts have a ready graphical representation in the two-good case.

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