Difference betwwen budget set and bidget …
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Rishika Goyal 6 years, 8 months ago
- 2 answers
Abhishek Attri 6 years, 8 months ago
Test
Related Questions
Posted by Niyati Garg 1 year, 4 months ago
- 0 answers
Posted by Naman Jain 1 year, 4 months ago
- 1 answers
Posted by Dipika Sharma 1 year, 4 months ago
- 0 answers
Posted by Mehar Ansari 1 year, 5 months ago
- 0 answers
Posted by Nandita Sharma 1 year, 5 months ago
- 1 answers
Posted by Shruti Singh 1 year, 5 months ago
- 0 answers
Posted by Rijum Karlo 1 year, 4 months ago
- 0 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Yogita Ingle 6 years, 8 months ago
A budget set refers to attainable bundles of a set of two goods, given the prices of goods and the income of the consumer.
Equation of the budget set is P1X1 + P2X2 < M.
where
X1 = Quantity of Good-1
X2 = Quantity of Good-2
P1 = Price of Good-1
P2 = Price of Good-2
A budget line shows various combinations of two goods which a consumer can purchase with the given income and the prices of the two goods, when the consumer spends the entire income.
0Thank You