0

# What does budget line show and what are its two basic properties?

Updated: 9/21/2023

Wiki User

11y ago

Budget line(bl) is tangent to the indifference curve(ic)

the slope of bl is same as that of ic.

Wiki User

11y ago

Earn +20 pts
Q: What does budget line show and what are its two basic properties?
Submit
Still have questions?
Related questions

### 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 difference between indifference curve and budget line?

budget line shows purchasing power of an consumer but indifference curve show willingness of consumer for two commodities.

### Is deterget a base?

Due to the presence of alkali, most detergents show basic properties.

### What was the Production Budget for Show Me?

The Production Budget for Show Me was \$400,000.

### Show a housekeeping budget format?

show full budget format

### What was the Production Budget for Show Boat?

The Production Budget for Show Boat was \$2,300,000.

### What is a Price line?

A price consumption lines show a consumer's demand for a good or service after price changes. It is draw through the equilibrium of an indifference curve and the budget line

### What is a price consumption line?

A price consumption lines show a consumer's demand for a good or service after price changes. It is draw through the equilibrium of an indifference curve and the budget line

### What does the periodic table show us about atoms of various elements?

Periodic table show that elements have properties which are periodic in nature. These properties can be grouped together.

### What was the Production Budget for The Greatest Show on Earth?

The Production Budget for The Greatest Show on Earth was \$4,000,000.

### What is indeference curve?

Indifference curve is a curve. A curve that is being intersected with the budget line. In order to show the maximum satisfaction. Dave Ono:

### Illustrate by means of a diagram the budget planning process show clearly the difference between a functional budget and a financial budget?

iiiustrate by means of a diagram the budget planning process show clearly the difference between a functional budget and a financial budget