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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 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
What is the line or path along which something is moving pointing or aiming?
direction
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 is the formula you use to determine the celebration of an object moving in a straight line?
To determine the celebration of an object moving in a straight line, you can use the formula for velocity, which is distance traveled divided by time taken. This will give you the rate at which the object is moving along the straight line.
