Ask Question
2 March, 05:28

A budget line shows the Multiple Choice alternative combinations of two goods that will yield the same level of total utility to a consumer. quantities of a particular good that a consumer will buy at various prices. ratio of money income to product price. alternative combinations of two goods that a consumer can purchase with a given money income.

+1
Answers (1)
  1. 2 March, 05:47
    0
    Option (d) is correct.

    Explanation:

    A budget line is a graphical representation which shows the combination of two goods that are to be purchased by the consumer with his available income. A budget line also known as the budget constraint.

    The budget line is represented by the following equation:

    Suppose that there are two goods: A and B.

    (Price of good A * Quantity of good A) + (Price of good B * Quantity of good B) = Income of the consumer
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A budget line shows the Multiple Choice alternative combinations of two goods that will yield the same level of total utility to a ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers