Budget line indicate, a. price ratio, b.income ratio, c. cost ratio, d

1.	Budget line indicate, a. price ratio, b.income ratio, c. cost ratio, d. none of these
Answer» Answer: Share. Answer. The Budget LINE indicates the combination of goods a consumer can purchase GIVEN his or her income and the prices in the market. Any bundle above the budget line cannot be achieved as it cost more than the consumers income. HOWEVER a bundle below the budget line cost LESS than the consumers income..

Budget line indicate, a. price ratio, b.income ratio, c. cost ratio, d. none of these

Answer»

Answer:

Share. Answer. The Budget LINE indicates the combination of goods a consumer can purchase GIVEN his or her income and the prices in the market. Any bundle above the budget line cannot be achieved as it cost more than the consumers income. HOWEVER a bundle below the budget line cost LESS than the consumers income..

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Budget line indicate, a. price ratio, b.income ratio, c. cost ratio, d. none of these​

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Budget line indicate, a. price ratio, b.income ratio, c. cost ratio, d. none of these