The X-intercept of the budget constraint represents
A) how much of good Y can be purchased if no good X is purchased and all income is spent.
B) how much of good X can be purchased if no good Y is purchased and all income is spent.
C) total income divided by the price of X.
D) a and c.

Question

Quizplus · Accepted Answer

The Answer of The X-intercept of the budget constraint represents
A) how much of good Y can be purchased if no good X is purchased and all income is spent.
B) how much of good X can be purchased if no good Y is purchased and all income is spent.
C) total income divided by the price of X.
D) a and c.

The X-Intercept of the Budget Constraint Represents