Question

what is budget line?​

Answer 1

Answer:

A budget line shows the combination of goods that can be afforded with your current income. If an apple costs £1 and a banana £2, the above budget line shows all the combinations of the goods which can be bought with £40.

For example: 20 apples @ £1 and 10 bananas @£2.

Explanation:

PLEASE MARK AS BRAINLIST ANSWER

Answer 2

Answer:

budget line is a graphical representation to all possible combinations of two goods which can be purchased with given income and prices such that the cost of each of these combinations is equal to the money income of the consumer .

Explanation:

thank you for your question ❤️