Define budget set
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Yogita Ingle 5 years, 7 months ago
A budget set or a set of opportunities incorporates all feasible utilisation bundles that someone can manage provided the cost of commodities and the person’s earning degree. The budget set is always bounded above by the budget line. Graphically, all the utilisation bundles that lie inside the budget restriction and on the budget restriction form the budget set or set of opportunities.
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