-A Budget Line

question 53

Multiple Choice

-A budget line

• A) has a positive slope.
• B) represents combinations of goods a consumer desires.
• C) marks the boundary between what a consumer can afford and cannot afford.
• D) is the same as the production possibilities frontier.
• E) is the same as a demand curve.

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Definitions:

Binomial

An expression containing two terms.

Like Terms

Terms having the same literal coefficient.

Simplify

Simplifying something involves breaking it down into its fundamental elements to make it easier to comprehend and less complex.

Numerical Coefficient

The numerical factor in a term.