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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 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.
What is budgetline in economics?
budget line in economics can be defined as a line which shows the various combinations of two products that can be bought in a fixed or given income.the budget lie graph is a downward sloping line whose gradient shows the ratio between the prices of two goods X and Y.there will be a parallel shift in the budget line due to an increase or decrease in income!points insyd the budget line are inefficient since income is saved and outside the line they become infeasible.
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.
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 information is embodied in a budget line?
A budget line embodies key financial information, including the allocation of resources to various categories or departments, projected income, and anticipated expenditures. It reflects priorities by showing how funds are distributed across different areas, such as operating costs, capital projects, and personnel expenses. Additionally, it serves as a tool for monitoring financial performance and ensuring that spending aligns with strategic goals. Overall, the budget line provides a clear picture of the organization’s financial planning and constraints.
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 is the budget of Security Information Service?
The budget of Security Information Service is 49,584,953 dollars.
What is the budget of Energy Information Administration?
The budget of Energy Information Administration is 95,400,000 dollars.
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.
