What Is Budget Constraint

question 119

Multiple Choice

What is budget constraint?

• A) the set of consumption bundles that represent the amount the consumer cannot afford
• B) the set of consumption bundles that represent the minimum amount the consumer can afford
• C) the set of consumption bundles that represent the maximum amount the consumer can afford
• D) the set of consumption bundles facing a consumer with an unlimited budget and no opportunity costs
• E) the price at which an economic "good" becomes an economic "bad."

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Definitions:

Social Work Dictionary

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