Give equations for budget set and budget constraint.

1.	Give equations for budget set and budget constraint.
Answer» <html><body><p><br/></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/budget-25496" style="font-weight:bold;" target="_blank" title="Click to know more about BUDGET">BUDGET</a> <a href="https://interviewquestions.tuteehub.com/tag/set-11758" style="font-weight:bold;" target="_blank" title="Click to know more about SET">SET</a> <br/> (i)`P_1x_1+P_2x_2=M` and (<a href="https://interviewquestions.tuteehub.com/tag/ii-1036832" style="font-weight:bold;" target="_blank" title="Click to know more about II">II</a>)`P_1x_1+P_2x_2 <a href="https://interviewquestions.tuteehub.com/tag/lt-537906" style="font-weight:bold;" target="_blank" title="Click to know more about LT">LT</a> M` <br/> Budget constraint =`P_1x_1+P_2x_2 gt M`</body></html>

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