The slope of the _________________ is determined by the relative price of the two goods, which is calculated by taking the price

Question

3 years ago

5

The slope of the _________________ is determined by the relative price of the two goods, which is calculated by taking the price

of one good and dividing it by the price of the other good. Opportunity cost productive efficiency budget constraint production possibilities frontier

Mathematics

1 answer:

DochEvi [55] · Answer 1 · 2022-06-15T06:09:02+03:00

Answer:

The answer is - budget constraint

Step-by-step explanation:

The slope of the <u>budget constraint</u> is determined by the relative price of the two goods, which is calculated by taking the price of one good and dividing it by the price of the other good.

A budget constraint happens when a consumer demonstrates limited consumption patterns by a certain income.