A Budget Constraint

question 23

Multiple Choice

A budget constraint:

• A) shows a constant dollar amount spent on different combinations of goods, and each bundle brings the same utility.
• B) shows a constant dollar amount spent on different combinations of goods, and each bundle brings a different amount of utility.
• C) shows a constant amount of utility gained by consuming different combinations of goods, and each bundle costs the same.
• D) None of these is true.

---

Definitions:

Private Distributor Brand

Products branded by a retailer for sale in its own stores, typically positioned as lower-cost alternatives to national brands.