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An example of budget set

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An example of budget set
  • 2 answers

Shivangi Goel 7 years, 6 months ago

X refers to units ....not the multiply sign

Shivangi Goel 7 years, 6 months ago

A consumer's budget is rs 40 , he is buying good 1 and good 2 . price of good 1 is rs 8 per unit nd of good 2 is rs 10 per unit......with the help of this u can derive the budget set by using the formula P1X1 + P2X2 =/< Y.......
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