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A point to the left of a budget line is commonly a tradeoff. But a point to the right is an opportunity cost.
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∙ 9y ago
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What do you need to use the point slope formula?
The slope of a line and the coordinates of a point on the line.The slope of a line and the coordinates of a point on the line.The slope of a line and the coordinates of a point on the line.The slope of a line and the coordinates of a point on the line.
In drawing a budget line it is assumed that?
money income is fixed
How do write an equation of a line when given the slope a point of the line?
if a line has a slope of -2 and a point on the line has coordinates of (3, -5) write an equation for the line in point slope form
How do you Draw a square with four triangles surrounded with a square without lifting pencil?
1. Start in the top right corner and draw a line to the left.2. Go down and left diagonally, go right, then up and right diagonally3. Go left from the point you are at. This shhould give you a line with a triangle in the middle of the top line of the outside square* The point of the triangle should always be pointing to the line4. Now go downward from the top left corner5. Again half way down go down and left then up and then up and left6. Then go down from the point of this triangle to the bottom left corner7. Now you should have a right angle with the corner in the top left and a triangle on each line. Go right halfway.8. Go up and right, left, then down and right9. Finish the line and you will end up with 3 lines and 3 triangles. Finally go up half way.10. Go up and left, down, and down and right.11. Finish the line and then you're done!I hope this helps.
If a line has a starting point but no end point?
then it is not a line it is a ray. line go on and on without stopping in both directions.
At the point of consumer equilibrium the slope of the budget line is equal to the?
Marginal rate of substitution
What was the Production Budget for On the Line?
The Production Budget for On the Line was $10,000,000.
How do you shade less than on a horizontal line?
Shade to the left of the point on the number line.
How the utility maximised?
In basic economic theory, an agent's utility is maximized by finding the point on the agent's budget line that gives the highest utility. This is done by taking the first order derivative of both the budget line and the utility function and finding at what point they are equal. This is the consumption bundle.
What is the relationship between indifference curve and budget constraint?
The tangency point of Indifference curve and budget line shows the Marginal Rate of Substitution between X and Y commodities. Consumer's equilibrium is achieved at that point.
What is a budget line and how is it useful in reaching consumer equilibrium?
it is a line showing all possible combinations of two goods(goods-1 and good-2) which a consumer can buy with his given money income and the price of the goods prevailing in the market.anywhere on the budget line the consumer spends his entire income on either good1 or good2 or both the goods. each point on the budget line indicates the different combinations of good1 and good2 which a consumer can buy with his income. in indifference curve analysis consumer attains his equilibrium when the slope of price line/budget line is equal to the slope of indifference curve.equilibrium is attained at that point where ic curve is tangent to the price line.....
Press the shift key to move the insertion point down a line and return to the left margin?
Press the SHIFT key to move the insertion point down a line and return to the left margin.
What was the Production Budget for Walk the Line?
The Production Budget for Walk the Line was $29,000,000.
What was the Production Budget for In Her Line of Fire?
The Production Budget for In Her Line of Fire was $1,000,000.
What is budget line and show the shift in budget line?
A budget line is a locus of combination of two goods a consumer can afford to buy with his/her income.shift in a budget line can be caused by various factors like a change in individuals income
What pointer selects a line or lines of text and appears when you point to the left edge of a line or text?
The cursor.
What is a line budget?
A budget clothing line is a clothing line that is set out in stores for people who are trying to stay within a reasonable price from the budget that they are trying to follow.
