the prices of both products and money income are assumed to be constant.
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 group of persons moving along in an orderly line is a queue.
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.
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.
a line of best fit
yes
direction
It is procession.
It means that the integral is calculated along a given line, which may be curved.
A budget line.
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.
The Production Budget for On the Line was $10,000,000.