Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /home/theindnqueen40/public_html/ecopointindia.com/wp-content/plugins/lightbox-plus/classes/shd.class.php on line 1120
Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /home/theindnqueen40/public_html/ecopointindia.com/wp-content/plugins/lightbox-plus/classes/shd.class.php on line 1120
Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /home/theindnqueen40/public_html/ecopointindia.com/wp-content/plugins/lightbox-plus/classes/shd.class.php on line 1120
Warning: preg_match(): Compilation failed: invalid range in character class at offset 4 in /home/theindnqueen40/public_html/ecopointindia.com/wp-content/plugins/lightbox-plus/classes/shd.class.php on line 1120
Warning: preg_match_all(): Compilation failed: invalid range in character class at offset 4 in /home/theindnqueen40/public_html/ecopointindia.com/wp-content/plugins/lightbox-plus/classes/shd.class.php on line 621
Warning: Invalid argument supplied for foreach() in /home/theindnqueen40/public_html/ecopointindia.com/wp-content/plugins/lightbox-plus/classes/shd.class.php on line 628
Warning: preg_match_all(): Compilation failed: invalid range in character class at offset 4 in /home/theindnqueen40/public_html/ecopointindia.com/wp-content/plugins/lightbox-plus/classes/shd.class.php on line 621
Warning: Invalid argument supplied for foreach() in /home/theindnqueen40/public_html/ecopointindia.com/wp-content/plugins/lightbox-plus/classes/shd.class.php on line 628
Suppose individual lives in a two commodity world {x,y} and prices she faces for these products are given by {p1,p2} , her income is m. Budget line all the bundles, she can afford, when she spends her entire income, i.e. p1x + p2y = m. Budget constraint shows all bundles which are affordable p1x + p2y ≤ m.
Budget line and budget set. Derive the slope of budget line and provide its economic intuition
