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Total income spent on the consumption of goods and services.
Wiki User
∙ 16y ago
Wiki User
∙ 8y agoA total consumption budget means that all the money is spent on planned needs, and there is none left over as discretionary income.
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What is primary disadvantage to having a total consumption budget?
With a total consumption budget, there is no net income or savings.
What is the primary disadvantage of having a total consumption budget?
there is no discretionary income
If marginal utility is positive will you have total utility increase with additional consumption?
If marginal utility is positive will you have total utility increase with additional consumption?
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
Differentiate between price consumption and income consumption curve?
the main difference in these is this that when price of any of commodity (x,y) decrees but the budget remain same it will show price consumption curve and when income increase and the price of commodities (x,y) remain same it will show the Income consumption curve.
What is a total disadvantage to having a total consumption budget?
With a total consumption budget, there is no net income or savings.
What is the primary disadvantage to having to having a total consumption budget?
With a total consumption budget, there is no net income or savings.
What is primary disadvantage to having a total consumption budget?
With a total consumption budget, there is no net income or savings.
What is total consumption budget?
A total consumption budget means that all the money is spent on planned needs, and there is none left over as discretionary income.
What is a consumption budget?
A total consumption budget means that all the money is spent on planned needs, and there is none left over as discretionary income.
To ensure that you do not have a total consumption budget which two categories should be added to your budget?
savings and miscellaneous
When To ensure that you do not have a total consumption budget which two categories should be added to your budget?
savings and miscellaneous
What two categories should be added to your budget?
to ensure that you do not have a total consumption budget, which two categories should be added to your budget?
What is the primary disadvantage of having a total consumption budget?
there is no discretionary income
Which of these does not describe a total consumption budget?
it is designed to reach short-term goals
If you have a total consumption budget what should you do to ensure you have enough money saved for emergencies and meeting long-term goals?
Review your budget and make adjustments so that you can add savings and miscellaneous categories to the budget.
How do you find the percent of the total water consumption?
Divide the proportion of water consumption used for the specified purpose by the total consumption and then multiply by 100.
