Home

What is the correct answer?

4

In case of budget line, we get pairs of two goods where consumers income is:

A. Fully spent

B. Half spent

C. Partially spent

D. Correctly spent

Correct Answer :

A. Fully spent


Related Questions

If the price of product A decreases and in the result the demand for product… In monopolistic competition, because of difference in choices, the firm… In measuring price-elasticity: In real life, brand loyalty is a barrier to: The sufficient condition of firms equilibrium requires: The marginal revenue of a perfectly competitive firm is: In economics, Externality means: Who finalized the model of monopolistic competition? The main contribution of Adam Smith is in the field of: In substitution effect, we: A firm will be in equilibrium when the lowest isocost is: Repetition of a game (Repeated Game): Which of the following would be least likely to cause a consumer to eat… An increase in the price of the good measured on the horizontal axis causes: If the production function is homogeneous, the expansion path will be… A market-clearing price: Cournot equilibrium is attained where two reaction curves: According to Marshallian approach, utility: The cobweb model will convergent when the slope of: A price is a ratio of exchange between: Excess capacity is not found under: We can find total utility by: Who is the author of Choice of Technique? Perfect competition assumes: The short-run supply curve of the perfectly competitive firm is given… The law of demand is most directly a result of: In monopolistic competition, the customers are attached with one product… When with a change in price the total outlay (expenditures) on a commodity… Total utility: Income effect operates through an increase