What Is the Straight Line That Sums Up All the Possible

question 13

Multiple Choice

What is the straight line that sums up all the possible combinations of two goods that would exhaust a consumer's income called ?

• A)budget line.
• B)income line.
• C)combination line.
• D)economics line.
• E)none of the above.

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Definitions:

Business Income

The profit or loss generated from a company's activities after deducting expenses.

Emigration

The act of leaving one's resident country or region with the intent to settle elsewhere.

Total Output

Total output is the overall quantity of goods or services produced by a company, sector, or economy within a certain period.

Labor Cost

The total sum of all wages paid to employees, as well as the costs of employee benefits and payroll taxes paid by an employer.