The budget line
A)shows the limits to a household's consumption choices.
B)shows the households total utility.
C)is downward sloping because it illustrates decreasing marginal utility.
D)shows how a household's consumption choices change as income changes.
E)Both A and D are correct.

Question

Quizplus · Accepted Answer

The Answer of The budget line
A)shows the limits to a household's consumption choices.
B)shows the households total utility.
C)is downward sloping because it illustrates decreasing marginal utility.
D)shows how a household's consumption choices change as income changes.
E)Both A and D are correct.

The Budget Line