Business, 10.11.2019 04:31 CBSEATON18

The budget line shows 1. the amount of product a that a consumer is willing to give up to obtain one more unit of product b. 2. all possible combinations of two goods that can be purchased, given money income and the prices of the goods. 3. all equilibrium points on an indifference map. 4. all possible combinations of two goods that yield the same level of utility to the consumer.

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The budget line shows 1. the amount of product a that a consumer is willing to give up to obtain one...