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
budget line shows purchasing power of an consumer but indifference curve show willingness of consumer for two commodities.
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.
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
Indifference curve is a curve. A curve that is being intersected with the budget line. In order to show the maximum satisfaction. Dave Ono:
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.
if the consumer`s income changes it will influence the budget line and it will shift to the right.
Budget line(bl) is tangent to the indifference curve(ic) the slope of bl is same as that of ic.
budget line shows purchasing power of an consumer but indifference curve show willingness of consumer for two commodities.
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.
The Production Budget for On the Line was $10,000,000.
The Production Budget for Show Me was $400,000.
The Production Budget for Walk the Line was $29,000,000.
The Production Budget for In Her Line of Fire was $1,000,000.
show full budget format
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.
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.
The Production Budget for Show Boat was $2,300,000.