Total income spent on the consumption of goods and services.
A total consumption budget means that all the money is spent on planned needs, and there is none left over as discretionary income.
With a total consumption budget, there is no net income or savings.
there is no discretionary income
If marginal utility is positive will you have total utility increase with additional consumption?
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
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.
With a total consumption budget, there is no net income or savings.
With a total consumption budget, there is no net income or savings.
With a total consumption budget, there is no net income or savings.
A total consumption budget means that all the money is spent on planned needs, and there is none left over as discretionary income.
A total consumption budget means that all the money is spent on planned needs, and there is none left over as discretionary income.
savings and miscellaneous
savings and miscellaneous
to ensure that you do not have a total consumption budget, which two categories should be added to your budget?
there is no discretionary income
it is designed to reach short-term goals
Review your budget and make adjustments so that you can add savings and miscellaneous categories to the budget.
Divide the proportion of water consumption used for the specified purpose by the total consumption and then multiply by 100.