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Budget line shows:...

Budget line shows:

A

Possible combination of two goods that a consumer can buy by spending his entire income at the given prices

B

Possible combination of two goods which cost less than or equal to consumer's money income

C

Possible combination of two goods among which the conumer is indifferent

D

All the these

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The correct Answer is:
A
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SANDEEP GARG-CONSUMER'S EQUILIBRIUM-Revision Exercise
  1. After reaching the point of satiety, consumption of additional units o...

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  2. According to one of the assumption of Law of Diminishing Marginal Util...

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  3. Budget line shows:

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  4. MU(X) " of " X " is " 40 " and " MU(Y) of Y is 30. It the price of Y i...

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  5. The farther the Indifference Curve is from the origin, then :

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  6. The consumer is in equilibrium when Marginal Utility from a Commodity ...

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  7. An Indifference Curve represents all those combinations of two goods w...

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  8. The consumer is in equilibrium at a point where the budget line:

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  9. Which of the shaded area in the diagrams below represent total utility...

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  10. If Marginal Rate of Substituation is constant throughtout, the Indiffe...

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  11. If Marginal Rate of Substituation is increasing throughout, the Indiff...

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  12. A consumer consumes only two goods, If price of one of the goods falls...

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  13. A consumer consumes only two goods X and Y both Priced at Rs 4 per uni...

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  14. A consumer consumes only two goods X and Y whose prices are Rs 3 and R...

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  15. In the following diagram, the situation of Consumer's Equilibrium and ...

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  16. Which Indifference Curve represents the highest level of satisfaction ...

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  17. An increase in income will lead to the following change in Bundget Lin...

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  18. The rotation of budget line in the following diagram is due to:

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  19. Marginal utility is:

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  20. Total utility is

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