contestada

A budget line shows the
a. quantities of consumption that maximizes marginal utility.
b. relationship between price and quantity demanded.
c. quantities of goods a buyer can purchase with given income and prices.
d. total utility a consumer realizes from consuming different quantities of a good.
e. the prices of the two goods a buyer can purchase.

Respuesta :

sholanejo

Answer: A budget line shows the quantities of goods a buyer can purchase with given income and prices.

Explanation: A budget line also known as a budget constraint can be defined as the value of exports to import ( for a state) or the value of expenditure to income (for an individual).

It basically explains the summary of intended expenditure with the capital and the prices.

Otras preguntas