The budget line is described by each of the following except:

A. Prices of products are assumed to be fixed

B. The consumer need not to spend all his income

C. Consumer income is assumed to be fixed

D. The slope represents relative prices

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. For a commodity giving large consumers surplus, the demand will be:
  2. When total product falls:
  3. In second degree price discrimination, monopolist takes away :
  4. When the consumer is in equilibrium not only his income is fully spent, but the ratio of marginal utility…
  5. When total product (TP) is maximum:
  6. The engineering production function and engineering costs curves are concerned with the:
  7. An increase in the price of the good measured on the horizontal axis causes:
  8. An optimum level of a firms output is:
  9. The marshallian indirect utility function in the form of equation is:
  10. According to critics, the assumption of costless production is:
  11. When total revenues equal to total opportunity cost then the firm will earn:
  12. A demand curve is not related to:
  13. With elasticity of demand, the:
  14. If the commodity is normal then Income Effect (I.E) is:
  15. Moving down along a linear demand curve:
  16. The firms in non-cooperative games:
  17. Marginal Utility (MU) curve is always:
  18. If the demand curve is inelastic then:
  19. The firm is at equilibrium where:
  20. Marginal Productivity Theory deals with the theory of:
  21. The cross-price elasticity of the demand for orange juice with respect to the price of apple juice is…
  22. Indifference curve represents:
  23. The Law of Equi-Marginal Utility refers to:
  24. Each short run average cost curve:
  25. Production indifference curve (isoquant) is a curve which shows:
  26. If the prices of goods rise then:
  27. If a commodity sold under monopoly is got free of cost, then MC will be:
  28. Cross-elasticity of demand or cross-price elasticity between two complements will be:
  29. Of the following, which one is a characteristic of monopolistic competition?
  30. The kink demand curve faced by an oligopolist is based on the assumption that: