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the prices of both products and money income are assumed to be constant.
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What is the definition of budget line in economics?
A budget line is a line showing the alternative combinations of any two goods that a consumer can afford at given prices for the goods and a given level of income.
A word that means a group of persons moving along in an orderly line?
A group of persons moving along in an orderly line is a queue.
What is the definition of budget in economics?
A budget line is a line showing the alternative combinations of any two goods that a consumer can afford at given prices for the goods and a given level of income.
What is the line or path along which something is moving pointing or aiming?
direction
What is the Difference between a demand curve and a budget line?
demand curve shows quantities that the consumer is willing and able to buy at various prices in a given period of time,other things being equal. Whereas, a budget line is a graph showing all the possible combinations of two goods that can be purchased at given prices and for a given budget.
What is the line graph in which the data points do not fall along a straight line?
a line of best fit
When a body moving along a straight line is accelerating is it always increasing?
yes
A word meaning a group of persons moving along in an orderly line?
It is procession.
What is the definition of line integral?
It means that the integral is calculated along a given line, which may be curved.
The alternative combinations of two goods which a consumer can purchase with a given money income is shown by?
A budget line.
A change in the slope of a budget line is solely the result of a change in?
A change in the slope of a budget line is solely the result of a change in the consumer preference between two goods (A&B) given the cosumer's money income.
What was the Production Budget for On the Line?
The Production Budget for On the Line was $10,000,000.
