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A budget line, or budget constraint, represents the combinations of two goods that a consumer can purchase given their income and the prices of the goods. It is typically downward sloping, reflecting the trade-off between the two goods—when more of one good is consumed, less of the other can be afforded. The slope of the budget line is determined by the relative prices of the goods. Changes in income or prices shift the budget line, affecting the consumer's purchasing options.
What else can I help you with?
What is the characteristics of the line?
a line can end at a fixeded point
What are the characteristics of a line that has the equation y equals mx?
it's a straight line. Through the origin.
What is the opposite of a bottom line budget?
The opposite of a bottom line budget is a top-down budget. In a top-down budgeting approach, management sets the overall budget and allocates resources based on strategic goals, rather than starting with detailed individual department needs. This method emphasizes broader organizational priorities and can streamline decision-making but may overlook specific departmental requirements.
What are the characteristics of adjacent angles?
They share one side (line segment).
What are some characteristics of a scalene triangle?
The sides and angles are uneven. A scalene can never have a line of symmetry
What was the Production Budget for On the Line?
The Production Budget for On the Line was $10,000,000.
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 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.
What is a budget clothing line?
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.
What was the Production Budget for The Thin Red Line?
The Production Budget for The Thin Red Line was $52,000,000.
What are the characteristics of zero based budgeting?
What are the main characteristics of Zero base budget
How will an increase in income affect the budget line?
if the consumer`s income changes it will influence the budget line and it will shift to the right.
A point to the left of a budget line is?
A point to the left of a budget line is commonly a tradeoff. But a point to the right is an opportunity cost.
What are the Characteristics of the budget?
A budget is a financial blueprint. A budget is something that is put into action, followed by people, constrains spending, sets targets and has a life cycle.
What are characteristics of budget?
A budget is a financial blueprint. A budget is something that is put into action, followed by people, constrains spending, sets targets and has a life cycle.
